The Ukrainian parliament has ratified an agreement signed Ukrainian and Japanese governments on the Second Development Policy Loan (DPL II) to carry out economic reforms.

A total of 267 MPs backed bill No. 0080 on Thursday.

Earlier the lawmakers discussed the bill, although they failed to endorse it.

As reported, the Japanese government decided to provide the Second Development Policy Loan in the amount of $300 million via co-financing in the World Bank's Second Development Policy Loan Project. The loan is provided via the Japanese Agency for International Cooperation (JICA) to support the Ukrainian government in its reform program.

The agreement was signed on December 4, 2015.