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US to provide up to $2 billion loan guarantee to Ukraine in 2015

Staff writer |
Washington has announced plans to prove up to $2 billion in loan guarantees to Ukraine to aid the country, according to the statement by the US Treasury Department released.

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"As part of the international effort, the United States intends to provide a $1 billion loan guarantee to the Government of Ukraine in the first half of 2015, provided Ukraine remains on-track with the reform program it has agreed with the International Monetary Fund (IMF)," the statement reads.

The Treasury added that if Ukraine continues making concrete progress on its reform agenda and if conditions warrant, an additional $1 billion loan guarantee will be provided in late 2015.

"A mission from the International Monetary Fund is currently in Kyiv working with the Ukrainian authorities to assess their reform efforts and develop a new economic support package," the release stated.

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