Japan has signed a loan agreement with Ukraine for $ 100 million

Japan has signed a loan agreement with Ukraine for 13 billion yen ($ 100 million).

Source: Minister of Finance of Ukraine Sergii Marchenko

“Today, May 16, 2022, Minister of Finance of Ukraine Sergii Marchenko and President of Japan International Cooperation Agency (JICA) Dr. Akihiko Tanaka signed a USD 100 million loan agreement for Ukraine. The concessional loan of 13 billion yen, which is the first part of the agreed financial assistance between Ukraine and Japan, will be directed to the state budget to finance priority expenses. First of all, to support the most vulnerable population of Ukraine.”

The signed agreement concerns budget support to stabilize the situation in Ukraine, in particular, ensuring priority social and humanitarian expenditures, health care, support for internally displaced persons, and other priority expenditures.

The Minister also thanked all the Japanese people for their assistance to the Ukrainians.

The agreement came after Japanese Prime Minister Fumio Kishida said in April that the country would increase total loans to Ukraine to $ 300 million.


See also: Japan bans the export of high-tech goods to Russia


 

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