The funds will be allocated under the Emergency Recovery Program aimed at critical infrastructure. The money will be used to purchase equipment and services needed for reconstruction.
The relevant documents were signed by Oleksandr Kubrakov, Deputy Prime Minister for Recovery of Ukraine and Minister for Communities, Territories and Infrastructure Development, and Kuninori Matsuda, Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine.
“Since the beginning of this year alone, Ukraine and Japan have agreed on allocating more than $600 million for the needs of Ukraine’s recovery. With these funds, we are able to quickly restore critical infrastructure, improve the economic situation in communities and create conditions for Ukrainians to return home. I am grateful to our Japanese partners, in particular to Ambassador of Japan to Ukraine Kuninori Matsuda, for providing concrete, practical support for Ukraine’s rehabilitation. For our part, we are working to ensure maximum transparency and accountability in the use of funds,” commented Oleksandr Kubrakov.
The decision to allocate almost $400 million will be finalized in the near future by signing a grant agreement with the Japan International Cooperation Agency (JICA). The Agency coordinates the official assistance of the Government of Japan to other countries.
In early March, Oleksandr Kubrakov and Junichi Yamada, Executive Senior Vice President of the Japan International Cooperation Agency (JICA), signed a grant agreement under which the Government of Japan would provide about $170 million for emergency recovery projects.
In addition, in early January, it was announced that Japan would allocate $95 million for the reconstruction of Ukraine. These funds will be allocated to the United Nations Development Program (UNDP) under a partnership agreement. (Government portal/Business World Magazine)