WASHINGTON (Sputnik) — The third US $1 billion loan guarantee will enable the government of Ukraine to proceed with economic and governance reforms, US Secretary of the Treasury Jacob Lew said in a statement on Friday.
"The third $1 billion loan guarantee from the United States provides direct support for Ukraine's continued progress in implementing critical economic and governance reforms," Lew stated.
Earlier on Friday, the United States and Ukraine signed an agreement which grants Kiev a $1 billion guaranteed loan tranche.
Ukrainian President Petro Poroshenko said the loan guarantee is a timely boost to economic recovery.
Ukraine's economy has deteriorated since an armed conflict between government forces and militia in the country's southeast escalated in April 2014.
