The Black Sea Trade and Development Bank and the Japan Bank for International Cooperation will allocate up to $150 mln for Ukraine’s recovery projects
21.10.2024 | 15:39 | Section for Public and Mass Media RelationsThe Black Sea Trade and Development Bank (BSTDB) has received a credit line from the Japan Bank for International Cooperation (JBIC) totalling up to $150 mln to support important projects in Ukraine and promote green initiatives.
The credit line is specifically designed to provide financing for reconstruction of Ukraine and other affected BSTDB member states. The funds will be used for projects to recover and reconstruct Ukraine’s key economic and social infrastructure.
“The coordinated efforts of the BSTDB and JBIC demonstrate the continued commitment of international institutions to support Ukraine in times of acute need. I thank the partners for this initiative, which will contribute to sustainable development and support the implementation of projects in critical sectors of the economy,” said Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine.
The focus will be on strengthening the resilience of the economy, particularly in sectors such as agriculture, food, transport and logistics, digital infrastructure, and pharmaceuticals. This will help ensure sustainable economic growth even in difficult conditions. Up to $75 mln will be allocated to green initiatives and the promotion of environmental sustainability across the Black Sea region.
According to BSTDB President Dr. Serhat Köksal, an amount of $150 mln allocated for Ukraine will activate essential investments that are crucial for the country’s recovery. Both parts of the credit line reflect the BSTDB’s and JBIC’s shared commitment to addressing immediate and acute needs, while fostering green investments in the region.
For reference:
The Japan Bank for International Cooperation (JBIC) is a financial institution of Japan that conducts lending, investment and guarantee operations, while complementing private sector financial institutions.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by the countries of the Black Sea region, including Ukraine, in 1999. The authorized capital of the Bank is EUR 3.45 bln. During its operation, the BSTDB Board has approved participation in 58 projects in Ukraine to the amount of about EUR 1 bln.
Read also:
-
24.12.2024 | 10:24
| Section for Public and Mass Media Relations
Trade with Japan grew by 6% in 2024 and by another 30% last year: Yuliia Svyrydenko at the Ukraine-Japan Business Forum in Osaka
Ukraine is actively working to strengthen bilateral trade with Japan and has noted an increase in activity since the start of the full-scale invasion. Today’s goal of Ukraine is not only to trade with Japan but also to attract Japanese investment to produce Japanese products in Ukraine. This was emphasised by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, at the Ukraine-Japan Business Forum held on 18 December in Osaka.
-
24.12.2024 | 10:19
| Section for Public and Mass Media Relations
Japan to launch coordinating council for Ukraine’s recovery to bring together Ukrainian and Japanese businesses
Japan has announced the establishment of a coordination council for the reconstruction of Ukraine, which will involve Ukrainian and Japanese businesses. This was announced by Hiromasa Nakano, Minister of Land, Infrastructure, Transport and Tourism of Japan, during a meeting with Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, and members of the Ukrainian delegation. -
24.12.2024 | 10:12
| Section for Public and Mass Media Relations
Ukraine and Japan strengthen bilateral economic cooperation
First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko met with Minister of Economy, Trade and Industry of Japan Yoji Muto in Tokyo. The parties emphasized the success of the ninth joint meeting between the Ministry of Economy of Ukraine and Keidanren Japan Business Federation with the participation of Ukrainian and Japanese entrepreneurs.
-
24.12.2024 | 10:06
| Section for Public and Mass Media Relations
Ukraine is counting on continued financial support from Japan in 2025: Yuliia Svyrydenko
Ukraine is counting on financial support from Japan in 2025. Currently, the Japanese parliament is finalizing the discussion of the draft budget for next year. During the meeting with the Ukrainian delegation, Japanese parliamentarians emphasized the unwavering support of our country. This was announced by First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine Yuliia Svyrydenko following the meeting with the Chairman of the Japan-Ukraine Parliamentary Friendship Association Eisuke Mori and representatives of all parliamentary parties.
-
24.12.2024 | 09:59
| Section for Public and Mass Media Relations
Production of Japanese pickup trucks to be launched in Ukraine: Yuliia Svyrydenko
Ukraine will launch a project to manufacture Japanese pickup trucks using the SKD (Semi-Knocked Down) services. This is a joint project of several Ukrainian manufacturers and a Japanese engineering company. This was announced by Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, during a business forum organised by the Japan External Trade Organisation.