Ukraine receives US$950 million from Japan for reconstruction and social protection

The state budget of Ukraine received about US$950 million from Japan as part of the World Bank's rebuilding and social protection projects.

Source: Ukraine’s Finance Ministry

The funding consists of a US$52.4 million grant from Japan under the Housing Repair for People's Empowerment Project (HOPE) project and a US$900 million loan from the Japanese government through the Investing in Social Protection for Inclusion, Resilience, and Efficiency (INSPIRE) Project.

It is noted that the funds will be directed to reimburse the expenses of the state budget of Ukraine for urgent and priority needs, in particular in the field of rehabilitation and social assistance.

Background: In November, it was reported that Japan intended to provide Ukraine with EUR 160 million to support economic recovery projects.

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