: Ukraine to get credit insurance from the U.S.

13:17 Jun. 3, 2016

Ukraine to get credit insurance from the U.S.

US Ambassador to Ukraine Geoffrey Pyatt during a press conference. (GettyImages)

One billion U.S. dollars is a part of complex international financial assistance

Ukraine and the U.S. signed a credit insurance agreement with one billion U.S. dollars of guaranteed sum. This is according to the statement of U.S. Embassy to Ukraine. 

"The newly signed agreement is about to help Ukrainian government fulfil the upcoming reforms. This is to guarantee that the United States strongly support Ukraine in its striving to transform the current administrative and economical systems, eliminating the inefficient mechanisms. Ukrainians have the right for prosperous democratic future," said U.S. Ambassador in Ukraine Geoffrey Pyatt.

U.S. credit loans are a part of complex international financial help Ukraine is to get in terms of democratic transition and fighting with Russian aggression in the south east.

Read also Ukraine, Poland sign EUR 1 bln SWAP agreement

After receiving the aforementioned credit insurance Ukrainian government is set to get access to the international capital markets. This is crucial in terms of Kyiv's planning to provide the poorest population strata with the most important goods and services, as well as to protect them from the drastic economic transformations, inevitable while reforming the state.

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