"This guarantee reinforces the United States' strong commitment to the people of Ukraine by strengthening the Government of Ukraine as it continues to institute reforms that reduce corruption, improve the business climate, stabilize the economy, and make the government more responsive to the people," the statement of the Embassy reads.
"The $1 billion loan guarantee will help support the Government of Ukraine as it continues to implement its economic reform agenda," U.S. Ambassador Geoffrey Pyatt said. "The guarantee sends a strong signal of the United States' continued support for Ukraine as it pursues reforms that fulfill the Ukrainian people's aspirations for a prosperous and democratic future."
The U.S. loan guarantee is part of a comprehensive international financial package, the press service informs. When issued, the loan guarantee will provide the Government of Ukraine with access to affordable financing from international capital markets, enabling it to provide critical services and protect the most vulnerable Ukrainians from the impact of necessary economic adjustments as it implements key reforms.
Ukrainian President Petro Poroshenko, Ukrainian Prime Minister Volodymyr Hroisman, Ukrainian Minister of Finance Oleksandr Danyliuk, Ambassador Pyatt, and Acting Mission Director for the U.S. Agency for International Development Joel Sandefur participated in the signing ceremony in Kyiv, Ukraine.
President Poroshenko expressed his gratitude to the United States for this "timely and important aid" to Ukraine.
Images courtesy of presidential press service