Ukraine has received from the U.S. State Department a diplomatic note on loan guarantees worth $1 billion, Ukrainian President Petro Poroshenko wrote on Facebook.
'Ukraine has received from the U.S. State Department a diplomatic note regarding the loan guarantees worth $1 billion,' the Ukrainian president wrote, Unian reports.
According to a copy of the document published on Poroshenko's official Facebook page it speaks of the loan guarantees of the U.S. Government in favor of the Government of Ukraine, which warranted placing Eurobonds September 22 worth $1 billion at the lowest rate in the history of Ukraine at 1,471% per annum.
'All the steps necessary for the entry into force of the Loan Guarantee Agreement between Ukraine and the United States have been completed,' Poroshenko said.
Getting the loan guarantees from the U.S. Government became possible after a positive decision of the key creditor of Ukraine, the International Monetary Fund, to continue cooperation with Ukraine and the allocation of the third tranche to our country under the four-year EFF program in the amount of $1 billion.