Home / Civilian / USAID Issues $1B Loan Guarantee to Support Economic, Governance Reform in Ukraine

USAID Issues $1B Loan Guarantee to Support Economic, Governance Reform in Ukraine

PenMoneyThe U.S. Agency for International Development has issued a $1 billion loan guarantee to Ukraine in support of economic and governance reforms as the country undergoes a democratic transition.

USAID said Friday the guarantee aims to help Ukraine implement reforms in an effort to fight corruption, aid economic governance and resilience and secure citizens from the impacts of economic adjustments.

The agency added that the guarantee will also support the country’s economic recovery and its access to commercial capital markets.

“This loan guarantee and USAID’s ongoing assistance in Ukraine will bolster the process of implementing meaningful reforms and will bolster efforts to combat corruption and build a more independent, democratic and financially viable and prosperous Ukraine,” said Gayle Smith, USAID Administrator.

This is the third $1 billion U.S. loan guarantee issued to Ukraine and the country has received support from the International Monetary Fund, World Bank, European Bank for Reconstruction and Development, European Union and other donors.

Check Also

GAO: Air Force to Deploy New Combat Rescue Helicopters to Active Component by FY 2020

The Government Accountability Office has found that the U.S. Air Force intends to start fielding in fiscal 2020 new Combat Rescue Helicopters to replace aging HH-60G Pave Hawk helicopters that have recorded the most flight time when it comes to staff recovery missions. GAO said in a report published Thursday the service will initially deploy the new helicopters to the active component six years ahead of the reserve component and to the Air National Guard by 2027.

Leave a Reply

Your email address will not be published. Required fields are marked *