The state budget of Ukraine has received about $950 million from Japan as part of World Bank projects for recovery and social protection. This was reported by the press service of the Ministry of Finance.

According to the ministry, the money will be used to reimburse the state budget of Ukraine for urgent and priority needs, in particular in the field of recovery and social assistance.

The funding consists of a $52.4 million grant from Japan under the Housing Opportunities for People's Empowerment (HOPE) project and a $900 million loan from the Japanese government through the Investing in Social Protection for Improved Reach, Resilience and Efficiency (INSPIRE) project.

The INSPIRE project is financed by a loan from the World Bank in the amount of $1.2 billion from the Trust Fund for Providing Necessary Credit Support to Ukraine (ADVANCE Ukraine), with support from the Government of Japan, and aims to provide social protection to vulnerable populations during and after the war, improve access to social assistance and social services, and strengthen the adaptability of the social safety net to effectively respond to current and future challenges.

The HOPE project aims to restore infrastructure in the combat-affected areas, de-occupied and affected regions of Ukraine. Funds will also be provided to homeowners for repairs in multi-apartment and private buildings that have sustained moderate damage and do not require major repairs. The project will support policy reforms at the national level to improve recovery outcomes and alignment with Ukraine's European integration goals.