The second tranche of support under the PEACE in Ukraine project – an initiative led by the World Bank – has been transferred to Ukraine's account – reports Ukraińska Pravda. The funds have been credited to the state budget account and will be allocated to social expenses. About the fact that Kyiv received an amount of $1.3 billion. Prime Minister of Ukraine Yulia Svyrydenko announced on Telegram on April 1.
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The Prime Minister of Ukraine thanked Japan
“This is the second tranche from Japan financed under the G7 emergency acceleration mechanism for Ukraine. Its total value is USD 50 billion.” – wrote the Prime Minister of Ukraine on Telegram. She added that as of February 2022, budget support from Japan has exceeded USD 10.7 billion, of which over USD 2.7 billion. was provided in the form of a grant.
According to the Unian agency, this is the second largest amount of funding among countries supporting Ukraine.
“We would like to thank the government of Japan for providing the subsidy, as well as the World Bank for the effective coordination of international support. This assistance is extremely important for ensuring the financial stability of Ukraine,” emphasized Yulia Svyrydenko.
See also: Ukraine is running out of defense funds. Grim calculations
In February, Ukraine received a grant of $690 million. from Japan and Canada. This was the first tranche from Tokyo and the last tranche from Ottawa, transferred under the mechanism of G7 countries – Extraordinary Revenue Acceleration for Ukraine.
