The Verkhovna Rada has ratified the agreement between governments of Ukraine and Japan on the loan, amounting to $300 million, for development policy and implementation of economic reforms, Economic Truth reports.
The relevant decision has been endorsed by 267 deputies.
The loan agreement stipulates the disbursement of the loan, amounting to 36.969 yens (nearly 300 mln dollars), for 20 years with 6-year grace period on floating interest rate.
The repayment of loan is planned to be carried out once per half a year – on June 20 and December 20.
The ratification of agreement will allow to attract funds for implementation of economic reforms in Ukraine.
On December 4 Japan reportedly allocated Ukraine the loan, amounting to $300 mln, with loan maturity of 20 years.
