US to guarantee more Ukrainian loans

The $1-billion commitment is the third of its kind issued by Washington in the past two years. The pledge is to provide Ukraine with more affordable access to international capital markets and fill its budget hole. "The guarantee sends a strong signal of the United States' continued support for Ukraine as it pursues reforms that fulfil the Ukrainian people's aspirations for a prosperous and democratic future," US Ambassador Geoffrey Pyatt said in a statement on June 3rd. The new US assistance is part of a 40-billion dollar global rescue package agreed by Ukraine and the International Monetary Fund in March 2015.