24 March 2014
Ministry of Foreign Affairs of Japan
Ministry of Finance of Japan
Ministry of Economy, Trade and Industry of Japan
Based on the current situation of Ukraine, Japan will extend the assistance totaling around 150 billion Japanese yen (approx. 1.5 billion U.S. Dollars) at a maximum as follows.
Under the framework of international support led by the International Monetary Fund (IMF), Japan, in coordination with the World Bank, will provide funds necessary for Ukrainian economic reform in line with appropriate burden sharing with agencies and countries. Japan will extend a total of up to 10 billion Japanese yen loan (approx. 0.1 billion U.S. Dollars) as the Fiscal Consolidation Development Policy Loan in coordination with the World Bank’s financial support on the condition that the package of the IMF support for Ukraine is established.
In response to the urgent needs of Kyiv citizens for the improvement of their hygiene and living condition, Japan will extend an ODA loan totaling up to 110 billlion Japanese yen (approx. 1.1 billion U.S. Dollars) for modernization of Bortnychi Aeration Station plan by the Ukrainian government.
Nippon Export and Investment Insurance (NEXI) will continue to undertake short term trade insurance and build a credit line up to 30 billion Japanese yen (approx. 0.3 billion U.S. Dollars) for 2 years so as to support import of goods and services required for stabilization of the Ukrainian national life.
Japan will provide non-project grant aid totaling 350 million Japanese yen (approx. 3.5 million U.S. Dollars) for import of medical and other equipment requested by the Ukrainian government.
Technical Assistance by Japan European Bank for Reconstruction and Development (EBRD) Cooperation Fund and Japan International Cooperation Agency (JICA)’s training programs will be provided in response to Ukraine‘s needs such as the macro economics, energy, and private sector development.