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.
