U.S. reminds it allocates funding in return for reforms in Ukraine

U.S. reminds it allocates funding in return for reforms in Ukraine

Ukrinform
The White House provides Kyiv with financial assistance in return for reforms. If the reforms are not conducted, no funds will be allocated. 

U.S. Ambassador to Ukraine Geoffrey Pyatt has stated this, saying that the United States is ready to provide Ukraine with the third $1 billion loan guarantee, but lending conditions remain the same, Ukraine’s 24 news channel reports.

"I would like to focus on the lending conditions. The principle, mentioned by the Prime Minister at the press conference, is the most important issue. In fact, he said ‘no reforms - no money’,” Pyatt quoted Yatsenyuk.

According to the Ambassador, the allocation of money should serve as the incentive to continue difficult reforms.

"We hope that the announcement of provision of the loan guarantee will be evidence of support and will also serve as the incentive to continue the difficult reform process," the U.S. diplomat said.

ol

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-