Japan signs $100 million loan agreement with Ukraine

The New Voice of Ukraine
·1 min read
Japan will increase the total amount of loans to Ukraine up to $300 million, said Japanese PM
Japan will increase the total amount of loans to Ukraine up to $300 million, said Japanese PM

This financial assistance will be co-financed by the World Bank and included in the budget of the Ukrainian government. These funds are not to be spent for military purposes, Japan Today noted.

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They will instead be directed to “foster de-monopolization and anti-corruption institutions, strengthen land and credit markets, as well as social safety.”

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The agreement was made after the Prime Minister of Japan Fumio Kishida said in April that the country would increase total loans to Ukraine up to $300 million.