Business news from Ukraine

Agreement on Japan’s allocation of 400 mln dollars for Ukraine’s reconstruction signed

16 April , 2023  

Deputy Prime Minister for Reconstruction of Ukraine – Minister of Development of Communities, Territories and Infrastructure Alexander Kubrakov and Senior Deputy Director General of Japan International Cooperation Agency JICA (JICA) Hideya Kobayashi signed an agreement on grant allocation from the Japanese government.
According to the press service of the Ministry of Reconstruction, it is about allocation of grant of 400 million dollars to Ukraine, the agreement on which was agreed in the end of March 2023. The money will be allocated as part of the Emergency Recovery Program aimed at critical infrastructure.
“This is the second grant agreement signed with the international cooperation agency JICA. This support allows us to quickly and efficiently implement projects of rapid and humanitarian recovery. First of all, we are talking about providing for the basic needs of our citizens and the restoration of critical infrastructure,” Kubrakov noted.
As noted in the press release, funds will be allocated to improve and support the following areas: equipment for humanitarian demining; transport services; energy services; management of waste of destruction; water supply; medical equipment; equipment for educational services; agricultural sector; public broadcasting sector; municipal services sector at the local government level.
“In addition, the government of Japan will provide $70 million in grant support for the reconstruction of Ukraine through the mechanism of the United Nations Development Program. In total, since the beginning of the year an agreement has been reached between Ukraine and Japan on the allocation of more than 600 million dollars for the reconstruction of Ukraine,” – noted in the Ministry of Reconstruction.
The Japan International Cooperation Agency (JICA) is a governmental organization for technical, grant (gratuitous) assistance and preferential loans to foreign governments. “JICA is one of the largest agencies in the world, providing assistance to more than 150 countries and being Japan’s “only window” through which all kinds of development assistance are provided.