Ukraine receives $950 million from Japan for social assistance and reconstruction
Kyiv • UNN
Ukraine has received a $52.4 million grant from Japan and a $900 million loan for social protection and reconstruction through World Bank projects.
Ukraine has received $950 million from Japan as part of World Bank projects for social protection and recovery, the Finance Ministry said on Thursday, UNN reports.
Details
"The State Budget of Ukraine received about $950 million. The State Budget of Ukraine received about $950 million from Japan as part of World Bank projects for recovery and social protection," the statement said.
This includes a $52.4 million grant from Japan under the Housing Opportunities for People's Empowerment (HOPE) project and a $900 million loan from the Japanese government through the Investing in Social Protection for Improved Reach, Resilience and Efficiency (INSPIRE) project.
"The funds will be used to reimburse the state budget expenditures for urgent and priority needs, in particular in the field of recovery and social assistance," the Ministry of Finance said.
