The United States has reaffirmed its commitment to support Ukraine amidst ongoing conflict and reform efforts. During a meeting with Ukrainian Finance Minister Natalie Jaresko, U.S. Treasury Secretary Jacob J. Lew emphasized the bravery of the Ukrainian people and commended the country's leaders for initiating economic and democratic reforms under pressure.
Secretary Lew noted that Ukraine's current government is the most reform-oriented in its history, taking critical steps to tackle corruption, improve business conditions, strengthen governance, and manage macroeconomic policies despite challenging circumstances. He stressed the importance of continued progress to ensure prosperity and stability for Ukraine.
"The United States remains steadfast in its commitment to support Ukraine’s democracy and oppose Russia’s aggression," Lew stated. He reiterated President Obama's position on seeking a diplomatic resolution while remaining prepared to increase pressure on Russia if necessary.
The U.S. has provided significant technical and financial support to Ukraine, including a $1 billion loan guarantee last year. In collaboration with international partners like the IMF, World Bank, and European Union, efforts have been made to provide further assistance amid current challenges.
As part of this ongoing support, Secretary Lew announced negotiations for an additional $1 billion loan guarantee in 2015, contingent upon Ukraine's adherence to its reform program with the IMF. This guarantee aims to address social spending needs and protect vulnerable Ukrainians during economic adjustments.
Lew signed a Declaration of Intent with Minister Jaresko for this loan guarantee and expressed expectations for further progress in areas such as anti-corruption measures, energy sector reforms, financial system improvements, and business climate enhancements.
Minister Jaresko was congratulated on recent achievements towards determining Ukraine's democratic and economic future. Secretary Lew assured continued U.S. support as Ukraine strives towards becoming a more secure, prosperous nation.