Japanese experience and financial support are vital for Ukraine’s recovery: Sergii Marchenko during meeting with the President of the Japan International Cooperation Agency

As part of his working visit to Tokyo, Japan, Ukraine’s Minister of Finance Sergii Marchenko met with the President of the Japan International Cooperation Agency (JICA), Akihiko Tanaka. The parties agreed on key issues regarding further cooperation.

JICA provides support to Ukraine in various areas, including technical cooperation and Official Development Assistance loans, with a primary focus on maintaining economic stability and supporting recovery efforts.

In 2022 Japan provided Ukraine with USD 581 million in concessional budget financing through JICA.

The parties discussed further attraction of budget support.

In 2025, Ukraine’s Minister of Finance Sergii Marchenko and Head of the JICA Office in Ukraine Hideki Matsunaga signed a Loan Agreement.

The document provides for a loan to Ukraine from the Government of Japan in the amount of JPY 471.9 billion (over USD 3 billion). The first tranche of USD 544 million was already disbursed in February 2026. The servicing and repayment of the loan will be carried out using revenues generated from immobilized russian assets. The funds are part of the G7’s Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism, totaling USD 50 billion.

Since 2023, Japan has also been providing Ukraine with grant assistance under the Programme for Emergency Recovery in the amount of over JPY 106.3 billion (about USD 737.85 million), implemented by JICA. The assistance aims to support Ukraine’s recovery. The program focuses on equipping communities and public services with essential equipment and solutions in areas such as energy, transport, water supply and sanitation, humanitarian demining, healthcare, education, and other critical sectors.

The parties discussed aligning Japan’s available recovery resources with Ukraine’s most urgent projects, as well as priority areas of cooperation for the coming months.

The launch of a new area of cooperation is under consideration, particularly the creation of financial instruments to support small and medium-sized enterprises in Ukraine, including for the purchase of Japanese equipment and the development of partnerships with Japanese companies.

The Ministry of Finance team emphasized that reconstruction and recovery require significant resources. Japan’s experience in implementing and managing recovery projects is extremely valuable and will help make the rebuilding process more effective.

JICA representatives assured their commitment to maintaining and expanding support for Ukraine.