Japan International Cooperation Agency (JICA) will provide Ukraine with a $100 million loan for 30 years at 1% per annum with a grace period of 10 years, the Ministry of Finance said on its website.
According to the press release, the agreement was signed on Monday by Finance Minister Serhiy Marchenko and JICA President Dr. Akihiko Tanaka.
“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,” the press service of the ministry said, citing Marchenko.
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, health care, support for internally displaced persons, and other priority expenditures, the Finance Ministry added.