Ukraine received USD 1.5 billion in guarantees from Japan through the World Bank mechanism

The State Budget of Ukraine received USD 1.5 billion in concessional financing.

The loan funds are provided under the guarantee of the Government of Japan through the mechanism of the World Bank's Trust Fund.

“The involved financing will be aimed at recovering the economy and strengthening the social protection of the population. I am grateful for the unceasing support of Ukraine to the Government of Japan during its presidency of the G7, as well as to the World Bank team,” said Minister of Finance of Ukraine Sergii Marchenko.

Since the beginning of the full-scale russian invasion, Ukraine has received more than USD 581 mln in concessional financing from the Government of Japan through the Japan International Cooperation Agency (JICA). 

This year, the Government of Japan is expected to provide another USD 2 billion in direct budget support through the World Bank Trust Fund.