The Ministry of Finance of Ukraine signed a Loan Agreement with Japan International Cooperation Agency for $100 million.
“On May 16, Minister of Finance of Ukraine Sergii Marchenko and President of Japan International Cooperation Agency (JICA) Dr. Akihiko Tanaka signed a $100-million loan agreement for Ukraine,” the ministry press service said.
“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 unprotected population of Ukraine,” said Sergii Marchenko.
The minister also expressed his gratitude to all Japanese people for their support of Ukraine and help to Ukrainians.
The signed agreement refers to the budgetary support for the stabilization of the situation in Ukraine, in particular, the provision of priority social, and humanitarian expenditures, healthcare, support for internally displaced persons and other priority expenditures.
The loan repayment period is 30 years, including a 10-year grace period, with an interest rate of 1% per annum. (Ukrinform/Business World Magazine)
