Joe Biden confirmed allocation of $1bln loan guarantee to Ukraine
10:14, 6 November 2015

Joe Biden confirmed allocation of $1bln loan guarantee to Ukraine

The U.S. Vice-President with the Ukrainian President via phone conversation also discussed the Minsk deal fulfillment, economic reforms and anti-corruption initiatives

10:14, 6 November 2015


The U.S. is ready to give Ukraine the third tranche of loan guarantees totaling $ 1 billion, the U.S. Vice-President Joseph Biden told during the telephone conversation with President of Ukraine Petro Poroshenko, the press office of the White House reported.

“Regarding economic reforms, the Vice President reiterated the U.S. willingness to provide a third $1 billion loan guarantee to Ukraine contingent on continued Ukrainian progress to investigate and prosecute corruption and ensure that Ukraine's tax reform is consistent with its IMF program,” said in a statement.

Related: Ukrainian market has spare capacity for the US investment - Pritzker

The sides discussed the implementation of Minsk Agreements, economic reforms and initiatives on combating corruption. Joe Biden also congratulated Petro Poroshenko on the conduct of Ukraine's local elections which “represent another milestone in the country's democratic development”, as said in a statement. 

In addition, during the talk the leaders agreed that Russia and the separatists had to immediately fulfil President Putin's pledge from the October 2 Normandy leaders' meeting in Paris to grant full OSCE access to the entire territory of the Donbas.  

Related: Joseph Biden and Petro Poroshenko discussed the Minsk deal

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