08:32 GMT +320 July 2019
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    President Petro Poroshenko (L) speaking to US Treasury Secretary Jack Lew (File)

    Poroshenko Says US 'Strategic Partner' for Ukraine's Economic Stability

    © AFP 2019 / MYKOLA LAZARENKO / PRESIDENTIAL PRESS-SERVICE
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    Ukrainian President Petro Poroshenko informed US Treasury Secretary Jacob of Ukraine’s progress in implementing reforms and the security situation in the Donetsk and Lugansk regions in southeastern Ukraine.

    LNG tanker. File photo
    © AP Photo / Koji Sasahara, File
    KIEV (Sputnik) – Ukrainian President Petro Poroshenko noted the United States’ role in guaranteeing financial and economic stability in Ukraine, his press service said Friday after a meeting with US Treasury Secretary Jacob Lew.

    "Poroshenko noted the US’ role as a strategic partner of Ukraine, including in matters of IMF [International Monetary Fund] financing programs and ensuring the financial and economic stability of Ukraine," the press service said.

    Poroshenko informed Lew of his country’s progress in implementing reforms and the security situation in the Donetsk and Lugansk regions in southeastern Ukraine.

    "Jacob Lew noted progress achieved in reforming Ukraine, and emphasized the importance of continued dedication to the course of reforms," the press service added.

    The IMF approved a four-year $17.5 billion support program in March 2015, with the first $5 billion transferred the same month. A second tranche of $1.7 billion was approved in July-August.

    A third disbursement has been stalled over an ongoing political crisis in Ukraine that threatened a collapse of the ruling cabinet after a failed no-confidence vote that nearly forced its prime minister out of office.

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    Tags:
    International Monetary Fund, US Treasury, Jacob Lew, Petro Poroshenko, United States, Ukraine
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