Ukraine and Japanese Agency JICA sign agreement for over USD 3 billion

The Minister of Finance of Ukraine Serhii Marchenko and the Head of the Japan International Cooperation Agency (JICA) Office in Ukraine Hideki Matsunaga signed a Loan Agreement for over USD 3 billion.

This is announced in a statement by the Ministry of Finance, Ukrainian News Agency reports.

The document provides for the provision of a loan to Ukraine in the amount of JPY 471.9 billion (over USD 3 billion).

The loan will be serviced and repaid at the expense of future income received from immobilized russian assets.

The funds are part of the Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism of the G7 countries with a total volume of about USD 50 billion.

The funds received from Japan will be used to finance priority expenditures of the State Budget of Ukraine to support the economy and development of Ukraine.

As Ukrainian News Agency earlier reported, in December 2024, Ukraine received about USD 1.2 billion from Japan through World Bank projects in the social, medical, business support, reconstruction, and education sectors.