US offers Ukraine $1 billion loan guarantee

WorldUS offers Ukraine $1 billion loan guarantee

The United States is reaffirming our strong commitment to the Ukrainian people by joining with allies and partners to mobilize robust international support for Ukraine.

The US government is offering a sovereign loan guarantee to Ukraine of up to $1 billion to support its economic reform agenda and continued engagement with the International Monetary Fund (IMF).

   

This offer – combined with the strong partnership between Ukraine, the IMF, other international financial institutions, the G7 and other bilateral donors – will bolster Ukraine’s ability to ensure economic stability, growth, and prosperity for its people in the face of Russia’s destabilizing behavior.

This action builds on the support the United States, our allies, and partners, including the G7 and international financial institutions, have provided Ukraine to help protect its economy amid Russian pressure in recent years. Between 2014 and 2016, the United States issued three separate $1 billion sovereign loan guarantees to Ukraine.

These loan guarantees played a critical role in helping Ukraine successfully stabilize its economy amid previous Russian aggression and implement a bold economic reform agenda underpinned by ambitious cooperation with the IMF.  The United States has provided over $2 billion in development assistance to Ukraine since 2014.

The US government has also worked to promote commercial participation by US companies across the Ukrainian economy.

The Export-Import Bank of the United States intends to make available up to $3 billion to facilitate procurement of US goods and services for projects in Ukraine, while the US International Development Finance Corporation has a current investment portfolio in Ukraine of approximately $800 million across more than a dozen projects.

We are exploring additional ways to support Ukraine and its people, and we will continue to work with Congress to advance these efforts.

Must read

Recent News

All democratic, constitutional norms trampled upon to elect fake CM Punjab: PTI Spokesperson

0
Warns edifice of unconstitutional govt to collapse anytime soon Terms preventing PTI’s nominee, elected representatives from entering assembly shameful, unconstitutionalISLAMABAD, Pakistan: The...

Murad Ali Shah elected as CM Sindh for third consecutive term

0
KARACHI, Pakistan: Syed Murad Ali Shah of Pakistan People’s Party (PPP) was elected as the Chief Minister of Sindh Province on Monday for the...

Interbank Dollar Rate Today in Pakistan – 26 February 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for February 26,...

Maryam Nawaz elected as Chief Minister Punjab

0
LAHORE, Pakistan: The Pakistan Muslim League-Nawaz (PML-N) Maryam Nawaz on Monday bagged 220 votes to be elected as the Chief Minister of Punjab following...

Pakistan, UAE sign MoU to boost agricultural innovation and research

0
ABU DHABI, UAE: Pakistan and the United Arab Emirates (UAE) on Monday signed a Memorandum of Understanding (MoU) in Abu Dhabi aimed at boosting...
Advertisement