JICA signs ¥13 million loan to support Ukraine

By Japan International Cooperation Agency

JICA signs ¥13 million loan to support Ukraine

The Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of Ukraine, connecting Tokyo and Kyiv online, to provide a Japanese ODA loan of up to 13,000 million yen as part of the Emergency Economic Recovery Development Policy Loan.

The objective of the loan is to support the implementation of the Ukrainian economic policy reforms, which include fostering de-monopolization and anti-corruption institutions, strengthening land and credit markets, and bolstering the social safety net. The loan will support these reforms by offering financial assistance to Ukraine, which is facing an economic crisis due to the impact of a military invasion, with co-financing from the World Bank.

It aims to contribute to social and economic stabilization and the promotion of development efforts in Ukraine through various reforms as well as the achievement of SDGs (Sustainable Development Goals) Goals 3 (Good health and well-being), 8 (Decent work and economic growth), and 16 (Peace, justice and strong institutions).

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