By Editor in Chief
on Fri Jun 06 2025
Japan International Cooperation Agency (JICA) signed a Yen Loan Agreement (L/A) with the government of Ukraine on June 5 in Khiwo, the capital of Ukraine, for the “Special Revenue Advance Loan for Ukraine”. The outline of the project is as follows
Project Summary
Special Revenue Advance Financing for Ukraine
Extraordinary Revenue Acceleration Loan for Ukraine
Country (Region)
All of Ukraine
Business Objectives
This project will support policy implementation and institutional reforms in Ukraine, contributing to the country’s reconstruction, economic stability, and development.
Business
The funds from this project will be used to implement projects and policies necessary for social and economic reconstruction in Ukraine.
This loan will be made under the framework of the “ERA Loan for Ukraine,” which the G7 leaders agreed to launch at the G7 Puglia Summit in June 2024. This is a framework based on the provision of loans by the G7 using “extraordinary revenues” generated in the EU due to the ongoing freeze on Russian state-owned assets as the source of repayment, with future “extraordinary revenues” to be provided in advance for financial support to Ukraine.
Loan amount (maximum)
471.9 billion yen
Interest Rates
TORF+90bp
Redemption period
30 years (no grace period)
Implementing Agency
Ministry of Finance of Ukraine
Contribution to the achievement of the SDGs
Goal 16 (Peace and justice for all)
Schedule for future project implementation (tentative)
Project completion date: December 2027
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