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US to provide USD1b loan guarantees to Ukraine
(MENAFN) The White House said that it plans to provide Ukraine with loan guarantees worth USD1 billion, Xinhua reported
The planned loan guarantees are to help insulate vulnerable Ukrainians from the effects of reduced energy subsidies
The new government in the country is dealing with an economy that has large potential, but currently is weak
A White House statement said: "We are working with Congress to approve the 2010 IMF quota legislation, which would support the IMF's capacity to lend additional resources to Ukraine.
The planned loan guarantees are to help insulate vulnerable Ukrainians from the effects of reduced energy subsidies
The new government in the country is dealing with an economy that has large potential, but currently is weak
A White House statement said: "We are working with Congress to approve the 2010 IMF quota legislation, which would support the IMF's capacity to lend additional resources to Ukraine.
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