U.S. Treasury Secretary to visit Ukraine, discuss $1 bln loan guarantee
Ukraine and the United States plan to discuss the allocation of $1 billion in additional loan guarantees from the U.S. government, Prime Minister of Ukraine Arseniy Yatsenyuk said during the government meeting on Wednesday.
"U.S. Treasury Secretary is coming to Ukraine … The United States has already provided Ukraine with $2 billion in loan guarantees. Now, if Ukraine continues [implementing] the reforms, including those in the public sector, we will be abIe to receive $1 billion in additional loan guarantees,” Yatsenyuk said.
“U.S. Treasury Secretary and Ukrainian Finance Minister will discuss the terms for provision of the guarantee by the U.S. government, as well as the reforms that need to be implemented," said the prime minister.
Biden tells Ukraine terms for U.S. $1 bln loan guaranteeIn January 2015, Ukraine and the United States signed the declaration on providing Kyiv with the loan guarantees of the U.S. government to the tune of $2 billion. It was reported that the loan-guarantee package would be expanded to $3 billion provided a successful implementation of anti-corruption reforms, and those in the energy sector and business climate improvement.
A total of $1 billion was raised by the Ukrainian government in early June through issuance of U.S.-backed Eurobonds for five years with a yield of 1.847% per annum.