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US to provide Ukraine $1 bln loan if Kiev continues fighting corruption — White House

In a telephone conversation with Ukrainian President Petro Poroshenko the US Vice President Joe Biden discussed mooted loan among other issues

© Zurab Javakhadze/TASS Archive

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IMF review of rules for Ukraine’s benefit may set serious precedent for international law

WASHINGTON, November 6. /TASS/. The United States is ready to provide Ukraine with the third loan of $1 billion should Kiev continue its efforts fighting corruption and keep up with tax reform under its IMF (the International Monetary Fund) program, the White House said in its statement.

US Vice President Joe Biden held a telephone conversation with Ukrainian President Petrp Poroshenko discussing mooted loan among other issues.

"Regarding economic reforms, the Vice President reiterated the US 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," the statement said.

"The Vice President congratulated President Poroshenko on the conduct of Ukraine's local elections, which represent another milestone in the country's democratic development," the statement added.

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Ukraine crisis Ukraine United States Economy IMF Corruption

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