Ukraine received almost USD 1.3 billion from the Japanese government under the World Bank's PEACE in Ukraine project. Prime Minister Yulia Svyrydenko announced this on the Telegram channel, Ukrainian News Agency reports.
"The funds have been credited to the general fund of the state budget and are directed to social spending," she said.
This is the second tranche from Japan, financed under the Extraordinary Revenue Acceleration for Ukraine mechanism of the G7 countries, its total volume is USD 50 billion.
Since February 2022, budget support from Japan has exceeded USD 10.7 billion, of which more than USD 2.7 billion came in the form of grants.
Svyrydenko noted that this assistance is extremely important for ensuring Ukraine's financial stability.
As Ukrainian News Agency earlier reported, in February, Ukraine received a grant of USD 690 million from Japan and Canada. The funds were provided under the G7 ERA mechanism through the World Bank's PEACE in Ukraine program.
The PEACE in Ukraine project was launched in June 2022 in response to russia's full-scale aggression and the urgent need to ensure the state's financial stability, and its goal is to support the Ukrainian government in performing key functions, including financing public sector salaries, healthcare, pensions, and social assistance programs.
Earlier, President Volodymyr Zelenskyy said that Ukraine risks not having time to prepare the energy system for next winter due to a delay in a EUR 90 billion loan from the European Union.
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