US to provide Ukraine anti-corruption loan

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

US to provide Ukraine anti-corruption loan

World Bulletin / News Desk

The United States is ready to provide Ukraine with the third loan of $1 billion should Kyiv continue its efforts fighting corruption and keep up with tax reform under its International Monetary Fund program, the White House said in its statement.

U.S. 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 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," 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.

Last Mod: 06 Kasım 2015, 12:21
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