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Japan granted Ukraine USD 331 mln-worth loan, - Finance Ministry
17:41, 24 March 2016
Japan granted Ukraine USD 331 mln-worth loan, - Finance Ministry

The loan is to cover the country’s needs related to economic reforms

17:41, 24 March 2016

wmur.com

“Ukraine received long-term soft loan from Japan in the amount of 331 million U.S. dollars, in the frameworks of DPL-II, the joint project of the Ukrainian government and the World Bank. The loan was provided via the Japanese Agency of International Cooperation”, reads the message at the Ministry’s website.

The money will be transferred to the general fund of the state budget. “Thus, the money will be used to cover the priority needs of the country, including social expenses and key reforms”, the Ministry noted.

The loan term is 20 years, which includes the six-year long period when Ukraine doesn’t need to pay.

Related: Japan granted Ukraine $335,000 on educational and medical projects

Related: Japan granted Ukraine $1,8 billion aid, - Jaresko

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