The state budget of Ukraine received about 950 million dollars from Japan within the framework of World Bank projects for recovery and social protection.
Japan transferred 950 million dollars to Ukraine
According to the Ministry of Finance, the funds will be directed to reimburse the expenses of Ukraine's state budget for urgent and priority needs, particularly rehabilitation and social assistance.
The funding consists of a $52.4 million grant from Japan under the Housing Repair for People's Empowerment (HOPE) project and a $900 million loan from the Government of Japan through the Integrated Social Protection Inclusion and Resilience (INSPIRE).
It is noted that the funds will be directed to reimburse the expenses of Ukraine's state budget for urgent and priority needs, particularly in rehabilitation and social assistance.
What is known about INSPIRE and HOPE projects
The INSPIRE project is financed by a World Bank loan for $1.2 billion from the Trust Fund for Providing Necessary Credit Support to Ukraine (ADVANCE Ukraine), with the support of the Japanese government. It is aimed at ensuring the social protection of vulnerable populations during and after the war, improving access to social assistance and social services, as well as strengthening the adaptability of the social support system to effectively respond to the challenges of today and in the future.
The HOPE project aims to rebuild infrastructure in the territories affected by hostilities in Ukraine's de-occupied and affected regions.
Homeowners will also receive funds for repairs in multi-apartment and private buildings that have suffered moderate damage and do not require significant maintenance. The project will support policy reforms at the national level to improve reconstruction outcomes and alignment with Ukraine's European integration goals.
