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International Financial Support for Ukraine


US Secretary of State Antony Blinken stands close to Ukrainian Foreign Minister Dmytro Kuleba on the sidelines of the Munich Security Conference (MSC) in Munich, Germany, February 19, 2022.
US Secretary of State Antony Blinken stands close to Ukrainian Foreign Minister Dmytro Kuleba on the sidelines of the Munich Security Conference (MSC) in Munich, Germany, February 19, 2022.

Secretary of State Antony Blinken announced a U.S. sovereign loan guarantee to Ukraine of up to $1 billion to support its economic reform agenda and continued engagement with the International Monetary Fund.

International Financial Support for Ukraine
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The United States reaffirmed its financial commitment to the Ukrainian people. Secretary of State Antony Blinken announced a U.S. sovereign loan guarantee to Ukraine of up to $1 billion to support its economic reform agenda and continued engagement with the International Monetary Fund, or IMF. ”This offer – combined with the partnership between Ukraine, the IMF, other international financial institutions, the G7 and other bilateral donors – will bolster Ukraine’s economic stability, growth, and prosperity in the face of Russia’s aggression,” said Secretary Blinken in a statement.

Between 2014 and 2016, the United States issued Ukraine three separate $1 billion dollar sovereign loan guarantees — which ensure the lenders will be repaid – after Russia began occupying the Crimean Peninsula. “These loan guarantees played a critical role in helping Ukraine successfully stabilize its economy amid previous Russian aggression and implement a bold economic reform agenda underpinned by ambitious cooperation with the IMF,” said Secretary Blinken.

The United States has provided over $2 billion in development assistance to Ukraine since 2014. The U.S. government has also worked to promote commercial participation by U.S. companies across the Ukrainian economy.
The Export-Import Bank of the United States intends to make available up to $3 billion to facilitate procurement of U.S. goods and services for projects in Ukraine, while the U.S. International Development Finance Corporation has a current investment portfolio in Ukraine of approximately $800 million across more than a dozen projects.

The United States, said Secretary Blinken, “will continue to look for ways to support Ukraine and its people,” against the clear and present danger of a Russian invasion.

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