US Government Willing to Provide Ukraine Third $1Bln Loan Guarantee

© AP Photo / Efrem LukatskyUkrainian President Petro Poroshenko, right, and US Vice President Joe Biden prior their statement to the media at the Presidential Administration Building in Kiev. File photo
Ukrainian President Petro Poroshenko, right, and US Vice President Joe Biden prior their statement to the media at the Presidential Administration Building in Kiev. File photo - Sputnik International
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The United States is willing to give Ukraine a third $1 billion loan, Joe Biden told Petro Poroshenko during a phone call on Thursday.

WASHINGTON (Sputnik) — The United States is willing to give Ukraine a third $1 billion loan to help the country target corruption and focus on tax reform, US Vice President Joe Biden told Ukrainian President Petro Poroshenko during a phone call on Thursday, the White House announced in a statement.

"[T]he Vice President reiterated the US 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.

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