Japan’s Assistance to Ukraine


Japan’s Assistance to Ukraine

(Provisional translation)
24 March, 2014

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Based on the current situation of Ukraine, Japan will extend the assistance totaling around 150 billion Japanese yen (approx. 1.5 billion U.S. Dollars) at a maximum as follows.

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● ODA Loan following the Ukraine government’s commitment toward the economic reform
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・ The Fiscal Consolidation Development Policy Loan as a parallel lending with the World Bank

Under the framework of international support led by the International Monetary Fund (IMF), Japan, in coordination with the World Bank, will provide funds necessary for Ukrainian economic reform in line with appropriate burden sharing with agencies and countries.
Japan will extend a total of up to 10 billion Japanese yen loan (approx. 0.1 billion U.S. Dollars) as the Fiscal Consolidation Development Policy Loan in coordination with the World Bank’s financial support on the condition that the package of the IMF support for Ukraine is established.

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・ Modernization of Bortnychi Aeration Station in Kyiv city

In response to the urgent needs of Kyiv citizens for the improvement of their hygiene and living condition, Japan will extend an ODA loan totaling up to 110 billlion Japanese yen (approx. 1.1 billion U.S. Dollars) for modernization of Bortnychi Aeration Station plan by the Ukrainian government.

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● Nippon Export and Investment Insurance (NEXI)’s credit line of trade insurance
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Nippon Export and Investment Insurance (NEXI) will continue to undertake short term trade insurance and build a credit line up to 30 billion Japanese yen (approx. 0.3 billion U.S. Dollars) for 2 years so as to support import of goods and services required for stabilization of the Ukrainian national life.

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● Non-Project Grant Aid
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Japan will provide non-project grant aid totaling 350 million Japanese yen (approx. 3.5 million U.S. Dollars) for import of medical and other equipment requested by the Ukrainian government.

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● Technical Assistance by Japan EBRD Cooperation Fund and JICA training programs
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Technical Assistance by Japan European Bank for Reconstruction and Development (EBRD) Cooperation Fund and Japan International Cooperation Agency (JICA)’s training programs will be provided in response to Ukraine‘s needs such as the macro economics, energy, and private sector development.

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Source: mofa
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follow-up, 03.06.2014
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Klitschko: We can resolve Bortnychi aeration station issue in the nearest future

One of the priorities of the new Kyiv authorities is to resolve the problem of water quality and upgrade Bortnychi aeration station, and thus save the inhabitants of the surrounding areas of the continuous discomfort, leader of UDAR Vitali Klitschko said during a visiting conference for Bortnychi AS reconstruction project in Kyiv.
[…]
klichko.org

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follow-up, 12.06.2014
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Vice Premier and Japan ambassador discuss aeration station reconstruction project worth $1.1 bln

According to Vice Premier, Ukraine is interested in cooperation with Japan in the field of attracting advanced Japanese energy saving technologies to the Ukrainian economy. „The use of Japanese experience in this field will allow Ukraine to get rid of energy dependence,“ the official said.
[…]
nrcu.gov

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follow-up, 31.07.2014
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Signing of Japanese ODA Loan Agreement with Ukraine for the Economic Reform Development Policy Loan

On July 17, the Japan International Cooperation Agency (JICA) signed a Japanese ODA loan agreement with the Government of Ukraine in the capital of Kyiv to provide a Japanese ODA loan of up to 10 billion yen for the Economic Reform Development Policy Loan.
[…]
jica

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follow-up, 12.08.2014
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Ratification of the Agreement (in the Form of Exchange of Notes) between the Government of Ukraine and the Government of Japan Relating to the Loan Agreement for the Economic Reform Development Policy Loan between the Cabinet of Ministers of Ukraine and the Japan International Cooperation.
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The Law ratifies the Agreement.

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According to Paragraph 1 of the Agreement, a loan in Japanese yens, in the amount of up to ten billion yens (10,000,000) (hereinafter referred to as „Loan“) shall be provided to the Government of Ukraine by the Japan International Cooperation Agency (hereinafter referred to as „JICA“), as an economic reform development policy loan, according to the appropriate laws and normative acts of Japan, in order to support the Government of Ukraine in its reform program, within the scope of the Action Program of the Cabinet of Ministers of Ukraine (hereinafter referred to as „Reform Program“).

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The loan shall be provided via a credit agreement to be concluded between the Government of Ukraine and the JICA. The terms of the loan provision and the procedures for its utilization shall be regulated by the above credit agreement within this arrangement, which shall contain, among others, the following principles:
the maturity term shall be 14 years after a grace period of 6 years;
the interest rate shall be 0.95% per annum;
the disbursement period shall be 3 years following entry of the above credit agreement into force.
The disbursement period can be extended by consent of the appropriate authorities of the two governments.
[…]
rada.gov

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follow-up, 20.01.2015
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Summary to Japan’s Assistance to Ukraine
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1. Loan Aid: USD 1.69 billion
2. Grant Aid: USD 60 million
3. Financial Assistance: USD 580 million
4. Green Investment Scheme (GIS)
5. Assistance related to Chernobyl and nuclear non-proliferation: USD 188 million
6. Technical cooperation: USD 400 thousand
Total amount: USD 2.9 billion
[…]
Embassy of Japan in Ukraine



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