KIEV, May 18 – Ukraine and the United States signed an agreement in Kiev on Monday on U.S. loan guarantees for the issue of Ukrainian eurobonds worth $1 billion.

The Loan Guarantee Agreement was signed by Ukrainian Finance Minister Natalie Yaresko, U.S. Ambassador to Ukraine Geoffrey Pyatt, and U.S. Agency for International Development Europe Regional Mission Director Jed Barton.

Pyatt said that the deal became possible due to the first such guarantees for $1 billion granted a year ago being used successfully. He stressed that the allocated funds would be funneled into meeting short-term targets for expenditures and the protection of the public, as well as towards helping restore economic stability and conducting necessary economic reforms within the framework of the program agreed with the International Monetary Fund.