WASHINGTON (Sputnik) — The decision by the International Monetary Fund to provide financial assistance to Ukraine has bolstered the United States’ security and economic interests, US Undersecretary of the Treasury for International Affairs Nathan Sheets said in a speech Tuesday.
"IMF support for Ukraine’s recent reform efforts is a timely reminder of how important the IMF is to our national security and economic interests," Sheets told an audience at the Center for Strategic and International Studies, a Washington, DC think tank.
In March 2015, the IMF approved a program of financial aid to Ukraine that stipulates a $17.5 billion loan be disbursed in instalments over four years and calls for quarterly reviews of Kiev’s finances.
Ukraine relies heavily on foreign aid to support its economy and repay debts amid an ongoing armed conflict between government forces and pro-independence campaigners in the country's southeast.
