Ukraine's President Petro Poroshenko addresses lawmakers during the opening of a new Ukrainian parliament session in Kiev, Ukraine, September 6, 2016. REUTERS/Gleb Garanich(reuters_tickers)
KIEV (Reuters) - Ukrainian President Petro Poroshenko on Thursday welcomed a decision by the International Monetary Fund to release additional aid worth $1 billion to Kiev, saying it showed that the world recognises that Ukraine was carrying out reforms.
The IMF's decision would also help keep the Ukrainian hryvnia currency stable and maintain macroeconomic stabilisation, Poroshenko said, adding that a Russian attempt to undermine the IMF's decision had failed.
"The positive decision by the IMF is evidence that the world recognises that reforms are happening in Ukraine, that real and positive changes are happening in Ukraine, and that the country is moving in the right direction," Poroshenko said in a statement.
The fund's decision paved the way for a $1 billion loan guarantee from the United States and a 600 million euro loan from the European Union, Poroshenko said.
(Reporting by Natalia Zinets; writing by Matthias Williams, editing by G Crosse)