KIEV: The United States said on Friday it had signed a major new loan guarantee with Ukraine aimed at helping the war-scarred former Soviet republic stabilize its floundering economy.
The $1-billion (900-million-euro) commitment is the third of its kind issued by Washington since a pro-EU revolution brought down Ukraine’s Russia-backed president in February 2014.
The pledge is to provide Ukraine with more affordable access to international capital markets and fill its gaping budget hole.
“The guarantee sends a strong signal of the United States’ continued support for Ukraine as it pursues reforms that fulfill the Ukrainian people’s aspirations for a prosperous and democratic …read more
Source: The Manila Times
