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Укр Investments in recovery: Ukraine will receive 150 million dollars from the Black Sea and Japanese banks
The Black Sea Trade and Development Bank (BSDT) has received a credit line from the Japan Bank for International Cooperation (JBIC) for a total amount of up to $150 million to support important projects in Ukraine and promote green initiatives, the Government Portal reports.
The credit line was designed to provide financing for the reconstruction of Ukraine and other affected BSDT member states. These funds will be directed to projects for the restoration and reconstruction of key economic and social infrastructure in Ukraine.
"The coordinated efforts of ChBTR and JBIC testify to the continued commitment of international institutions to support Ukraine in times of dire need. I thank the partners for this initiative, which will promote sustainable development and provide support for the implementation of projects in critically important sectors of the economy," noted First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Yulia Svyridenko.
The main focus will be on strengthening the resilience of the economy, particularly in sectors such as agriculture, food processing, transport and logistics, digital infrastructure and pharmaceuticals. This will ensure sustainable economic growth even in difficult conditions. Up to $75 million will go towards green initiatives and promoting environmental sustainability in the Black Sea region.
As noted by BSTDB President Dr. Serhat Köksal, the US$150 million allocated to Ukraine will accelerate critical investments needed for the country's recovery. Both parts of the credit line reflect the joint commitment of BSTDB and JBIC to address both pressing challenges and stimulate green investment in the region.
