United States Offers Ukraine $2 Billion in Financial Support

The has pledged financial support of to help them prevent a looming bankruptcy, and boost recovery efforts amidst the financial turmoil in Europe and Asia. is trying to recover and stabilize its economy, but the waging conflict in Eastern Ukraine with Pro-Russia rebels is hurting the economy and driving down consumer spending.

Help is necessary, but the is reluctant to donate money, worrying that the new government in might not move forward with its recovery plans and fail to implement promised reforms. , revealing a default risk that is second only to in the world. Nevertheless, the IMF has provided a bailout package of $17 billion and has set out a plan for Ukraine to prevent the country from going into bankruptcy. But the IMF has estimated that Ukraine still needs . That is why the United States has set conditions for its loan to Ukraine with an initial $1 billion loan as long as Kiev remains on track, and then another $1 billion if it continues making progress six months to a year later.

Meanwhile in eastern Ukraine, fighting between Ukrainian troops and Pro-Russia rebels continues to disrupt peace and country stability. and a future meeting date in involving , , , and have yet to be successful. These talks are aimed at settling on an agreement for a ceasefire, which would allow Ukraine to focus on its financial problems.