Ukraine received about USD 1.2B from Japan – PM

According to Ukrinform, this was announced by Prime Minister Denys Shmyhal in Telegram.

“Ukraine has received about USD 1.2 billion from Japan through World Bank projects. The funds were received in November-December and are aimed at projects in the social, medical, and educational spheres, as well as the restoration and support of business,” Shmyhal said.

According to him, the funds are distributed as flows:

– USD 602 million has been allocated under the INSPIRE project to provide social protection for low-income and vulnerable pulations;

– 400 million under the SURGE program to finance Ukraine's recovery and resilience;

– 250 million under the RISE project for private sector develment;

– 220 million under the THRIVE project to increase the efficiency of public spending on health care;

– USD 200 million under the LEARN project to build a safe and comfortable educational environment.

Read also: Japan to provide Ukraine with $3B from frozen Russian assets

“We are grateful to Japan and the World Bank for their continued invvement in the strengthening and develment of Ukraine,” the Prime Minister said.

As reported by Ukrinform, on December 25, President Vodymyr Zelensky had a telephone conversation with Japanese Prime Minister Shigeru Ishiba, during which he thanked him for the decision to transfer another USD 3 billion to Ukraine, secured by frozen Russian assets.

Since the full-scale invasion, the Japanese government has already provided Ukraine with a total of USD 12 billion in aid.