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US is ready to grant new loan guarantees worth $1 bln to Ukraine

September 21, 5:02 UTC+3 KIEV
Before the end of the year Kiev hopes to receive one more tranche from the IMF. The amount of the new tranche may reach $1.3 bln
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KIEV, September 21. /TASS/. Washington is ready to provide loan guarantees worth $1 bln to Kiev, US Vice President Joe Biden said during the talks with President of Ukraine Pyotr Poroshenko, the press service of the Ukrainian government reported.

The talks were held on the sidelines of the 71st session of the UN General Assembly in New York.

"Vice President Biden informed about the readiness to grant $1 billion of loan guarantees to Ukraine, because Ukraine has fulfilled all the necessary conditions," according to the statement.

In this context, Poroshenko stressed the importance of the fact that the IMF had granted the third tranche to Ukraine. He added that Kiev was determined to continue with reforms.

The two parties also discussed the situation in the East of Ukraine (Donbass region) and the process of implementation of the Minsk agreements. Poroshenko and Biden agreed to intensify diplomatic efforts in this direction.

In early September, Finance Minister of Ukraine Aleksandwr Danilyuk said that Washington might provide new loan guarantees in the amount of $ 1 billion to Kiev before the end of the month.

In 2014 and 2015, Ukraine received loan guarantees in the amount of $ 2 billion from the US.

Last week, the IMF Board of Directors, after a long pause, which was more than a year, resumed its lending program to Ukraine and decided to allocate the third tranche worth $1 billion to Kiev.

Before the end of the year Kiev hopes to receive one more tranche from the IMF. The amount of the new tranche may reach $1.3 bln.

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