Signing of Japanese ODA Loan Agreement with Ukraine: Financial support for Ukraine, which is facing an economic crisis caused by the military invasion
2022.05.16
On May 16, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of Ukraine, connecting Tokyo and Kyiv online, to provide a Japanese ODA loan of up to 13,000 million yen as part of the Emergency Economic Recovery Development Policy Loan.
The objective of the loan is to support the implementation of the Ukrainian economic policy reforms, which include fostering de-monopolization and anticorruption institutions, strengthening land and credit markets, and bolstering the social safety net. The loan will support these reforms by offering financial assistance to Ukraine, which is facing an economic crisis due to the impact of a military invasion, with co-financing from the World Bank. It aims to contribute to social and economic stabilization and the promotion of development efforts in Ukraine through various reforms as well as the achievement of SDGs (Sustainable Development Goals) Goals 3 (Good health and well-being), 8 (Decent work and economic growth), and 16 (Peace, justice and strong institutions).
Details for the project are provided below.
signing ceremony
1. Terms and Amount of Loan
| Project title | Amount (million yen) |
Annual interest rate (%) | Repayment period (years) |
Grace period (years) |
Procurement | |
|---|---|---|---|---|---|---|
| Project | Consulting services | |||||
| Emergency Economic Recovery Development Policy Loan | 13,000 | 1.00 | N/A | 30 | 10 | General untied |
2. Executing Agency
Ministry of Finance of Ukraine
Address: 11 Mezhyhirska Street, Kyiv, 04071, Ukraine
3. Planned Implementation Schedule
- 1 . Completion of project: May 2022- with completion of the loan disbursements
- 2 . Issuing of letters of invitation for consulting services (including detailed design work): No hiring of consultants is planned for this project.
- 3 . Tender announcement of initial procurement package for international competitive bidding on project construction: No procurement is planned for this project as it is the financial assistance.
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