6 Mar 2023 11:18

Japan provides Ukraine grant of $170 million for recovery

MOSCOW. March 6 (Interfax) - Ukraine has received from Japan grant aid in the amount of $170 million for the implementation of the rapid recovery plan, a relevant agreement was signed by Japanese Ambassador Kuninori Matsuda and Deputy Prime Minister for Restoration and Minister for Communities and Territories Development and Infrastructure Alexander Kubrakov on Friday.

Ukrainian media outlets said citing the Ministry of Restoration that on Thursday, the deputy prime minister also signed a memorandum, according to which the United Nations Development Programme (UNDP) would perform independent monitoring of the use of funds for restoration of housing in the Kiev region.

In addition to independent monitoring, the UNDP will support digitalization of reconstruction, expansion and monitoring of the regional development and work on increasing the potential of local governments in the implementation of infrastructure projects, the access of communities to international donor funding, and energy efficiency of the social infrastructure.

The UNDP will also provide technical assistance to Ukraine in recovery.

As reported, the government of Japan allocated $170 million for Ukraine's restoration and prior to it another $95 million which were directed to the UNDP under a partnership agreement.