Ukraine signs agreement on $300 mln macrofinancial loan with Japan
The Ukrainian government and Japan International Cooperation Agency (JICA) on December 4 signed an agreement on the second development policy loan worth JPY 36.969 billion or around $300 million, an Interfax-Ukraine correspondent has reported.
"The loan aims at increasing efficiency and transparency of the public sector, deregulation and improvement of conditions for doing business," Finance Minister Natalie Jaresko said after signing the agreement.
Japan representatives said that one of the elements of the loan is the reform of inefficient utilities subsidies. They said that technical assistance to new agencies to fight corruption will be additionally provided.
Ukrainian Prime Minister Arseniy Yatseniuk said that the loan is issued for 20 years with the grace period of six years and JPY LIBOR + 0.5%, and today it is less than 1% per annum.
Japan in August 2014 provided the first development policy loan of $100 million.
Advertising
Advertising
MORE ABOUT
Young athletes of the Olympic Dreams project received judogis from All Japan Judo Federation with the participation of the Ambassador of Japan to Ukraine
12:52, 07.05.2024
Ukraine, Japan discuss creation of special tribunal for Russian war crimes
09:44, 26.04.2024
Young athletes of the Olympic Dreams project received judogis from All Japan Judo Federation with the participation of the Ambassador of Japan to Ukraine
17:14, 07.03.2024
McFaul-Yermak group’s recommendations taken into account in new sanction package from Japan – Yermak
11:12, 01.03.2024
Shmyhal on outcomes of his visit to Tokyo: Japan should become one of leaders in Ukraine's economic recovery
11:03, 20.02.2024
LATEST
Zelenskyy says that Ukraine's use of Western weapons on Russian territory would be defense, not offensive
12:44, 17.05.2024
Zelenskyy: AFU has enough artillery shells for first time in two years of war
12:08, 17.05.2024
Frozen russian assets must be confiscated in their entirety and transferred to Ukraine, - Arseniy Yatsenyuk at the KSF online-discussion
11:54, 17.05.2024
Zelensky: Partners afraid of Russia losing the war
11:47, 17.05.2024
Zelenskyy: Russians didn’t reach main defense lines in Kharkiv region