Business news from Ukraine

Japan has allocated $170 million for reconstruction of Ukraine

4 February , 2023  

The Japanese government will allocate another $170 million in 2023 for emergency reconstruction projects, particularly critical infrastructure, in addition to the $95 million already allocated earlier this year, according to the Ministry of Reconstruction’s website.
“The unconditional priority at this stage of reconstruction is the restoration of critical infrastructure necessary to meet the basic needs of citizens. This is a necessary step to return Ukrainians to their homes and maintain economic development in the regions,” the release quotes Deputy Prime Minister and Head of the Ministry of Reconstruction Oleksandr Kubrakov as saying.
It is noted that the assistance provides Japanese partners with goods and services necessary for the reconstruction. Ukraine will receive these funds under a grant agreement with the Japan International Cooperation Agency (JICA),
Kubrakov thanked partners for the support, noting that it is extremely valuable and necessary. Deputy Prime Minister expressed hope that after the war it would be possible to quickly move on to long-term investment projects.
As reported, in early January, the Japanese government allocated $95 million for reconstruction. These funds are directed to the UN Development Program (UNDP) in the framework of a partnership agreement.

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