Ukraine Received Additional USD 500 Million from Japan

Ukraine received an additional JPY 65 billion (about USD 500 million) concessional loan under a loan agreement signed by Finance Minister Sergii Marchenko and President of the Japan International Cooperation Agency Jaika (JICA) Akihiko Tanaka.

The funds are directed to the state budget to finance priority social and humanitarian expenditures, health care, etc.

The loan is provided on concessional terms: repayment period - 30 years; interest rate - 1% per annum.

On June 7, the Government of Ukraine and the Government of Japan signed an additional loan agreement issued by the Japan International Cooperation Agency for development policy in the field of emergency economic recovery. The agreement provides for the increase of the loan amount by JPY 65 billion to JPY 78 billion (approximately USD 600 million).

On May 24, Ukraine received JPY 13.0 billion (about USD 100 million) under the agreement.