Ukraine and USA ink Agreement on granting loan guarantees to Ukraine worth USD 1 bn
Loan guarantees in a total amount of \$7.5 billion will be provided over the next year as part of a wider package of financial support for Ukraine by its bilateral and multilateral partners.
"On behalf of the Government and people of Ukraine, I would like to express sincere gratitude to the USA for their constant and unwavering support. This Agreement on granting credit guarantees is the cornerstone of this support much needed for our country at this critical moment," stressed Minister of Finance of Ukraine Natalie Jaresko.
The mechanism of granting credit guarantees is identical to those credit guarantees worth \$1 billion those provided to Ukraine in May last year. Due to the Agreement the market participants will evaluate the risk of Ukrainian Eurobonds at the level of sovereign risk in the USA.