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"Vice-President Biden informed that the U.S. is ready to provide Ukraine with $1 billion in loan guarantees, since Ukraine has fulfilled necessary conditions," Poroshenko's administration said.

Read alsoIMF's third $1 bln tranche arrives in UkraineThe Ukrainian president also emphasized the importance of a recent decision by the International Monetary Fund to disburse the third tranche and said he was committed to continue reforms in the country.

As Reuters reported, Biden said it was imperative for Ukraine's leadership to accelerate reforms needed to strengthen Ukraine's energy and justice sectors.

The parties also touched on the situation in eastern Ukraine and the implementation of the Minsk peace agreement on Donbas.

Further, Poroshenko thanked the United States for strengthening sanctions against Russia.

"The sides agreed to intensify diplomatic efforts to make Russia end aggression against Ukraine," the presidential administration said.