Credit agreement signed between Ukraine and Japan
In the framework of deepening cooperation
between Ukraine and Japan it was signed an Agreement between the Government of
Ukraine and Government of Japan, and the Credit agreement on the development
policy loan to implement economic reforms between the Cabinet of Ministers of
Ukraine and the Japanese international cooperation Agency.
On behalf of the Cabinet of Ministers of
Ukraine as a Borrower, pursuant to the authority granted by the Cabinet of
Ministers of Ukraine dated on July 2, 2014 № 648-p, Agreements were signed by
the Minister of Economic Development and Trade of Ukraine Pavlo
Sheremeta. The representative of the Borrower is the Ministry
of Finance of
When the Agreements will entry into force the
General Fund of the State Budget receives 10.0 billion yen (approximately $
100.0 million) as co-financing in the framework of the joint with the World
Bank’s Loan for development policy project.
The loan is attracted for 20 years, grace
period - 6 years, interest rate - 0.95 % per annum, one time fee of 0.1%.
The funds will be used to support policy and
institutional reforms in