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Ukraine waiting for tranche of U.S. secured $1 billion

Staff Writer |
Along with the proposal on technical assistance we hope to continue cooperation in getting the new U.S. government-secured $1 billion.

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"The credit guarantees are used to settle urgent needs of the budget and they are provided at very low rates after the results of reforms are seen," the Finance Ministry told Interfax-Ukraine.

Ukraine has received U.S. government-secured $3 billion in parts, $1 billion every year, including on September 29, 2016.

The ministry also said that at a meeting of Ukrainian Finance Minister Oleksandr Danyliuk with Deputy Director, International Monetary Policy Office, U.S. Treasury Department, Clay Berry and Deputy Assistant Secretary at U.S. Treasury Department Larry McDonald last week in Kyiv the budget process, reform of the State Fiscal Service and customs, the program of the International Monetary Fund (IMF), the further technical assistance to the Finance Ministry and a visit of the finance minister to Washington.

The ministry recalled that on October 7 through October 9 the annual meeting of the IMF and the World Bank will take place.

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