Japan offers Turkey a $410 million loan to boost infrastructure “affected by the reception of Syrian refugees”
Japan will provide up to 45 billion yen ($410 million) in yen loans to Turkey to help ease the country’s financial burden of hosting refugees from war-torn Syria, the Japanese Foreign Ministry said Friday.
This came during a statement issued by the Embassy of Japan in Turkey following a meeting of the Japanese and Turkish foreign ministers in Istanbul, and official documents were signed by the two ministers regarding the maximum loan of 45 billion Japanese yen that will be provided for the purpose of providing infrastructure.
The statement added that the loan repayment period will start after 7 years from the date of its submission, with an interest rate of less than 0.1 percent, and the repayment will continue for 25 years.
Three million, 690,896 Syrian refugees who hold “Kimlik” documents reside in Turkey, according to the latest official statistics, most of whom fled the conditions of the ongoing war in Syria during the past ten years.
