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U.S., Ukraine signed agreement on $1 bln credit for Ukraine

U.S., Ukraine signed agreement on $1 bln credit for UkraineThe United States of America will provide Ukraine with USD 1 billion in loans. The agreement has already been signed, press service of Ukraine’s Finance Ministry informed.

From Ukrainian side, the agreement has been signed by the Minister of Finance, Oleksandr Danylyuk, from the USA – by Ambassador Geoffrey Pyatt, and Joel Sandefur of the USAID. The loan will provide support for the most economically vulnerable citizens of Ukraine, including those most affected by the boost in gas prices for the population.

Read also: Ukraine, IMF agreed on key issues for further reforms to obtain next $1.7 bln tranche

Finalized loan agreement between Ukraine and the USA has caused international rating agency Moody’s to revise its forecast for Ukraine’s currency.

‘This makes it obvious, that investors believe in Ukraine’, - President Petro Poroshenko said.

Poroshenko assured, that after loan agreements with the USA and IMF are finalized and signed, Ukraine will receive more financial aid from another investor - the European Union.

‘I want to express my gratitude to the United States for the timely help to our country. I’m convinced, we will manage to rebuild Ukraine if we have such an international coalition to support us’, - Poroshenko said.

The agreement is the third credit line for Ukraine provided by the USA. Back in 2014 and 2015, Ukraine already received USD 2 billion in loans.
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