Biden tells Ukraine U.S. ready to OK loan guarantee - White House

U.S. Vice President Joe Biden (L) shakes hands with Ukraine's President Petro Poroshenko before their bilateral meeting at the Nuclear Security Summit in Washington March 31, 2016. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - U.S. Vice President Biden told Ukrainian President Petro Poroshenko in a call on Friday that the United States is prepared to move forward with a third loan guarantee agreement to support reforms against corruption, the White House said.

The United States promised the third $1 billion (£696.1 million) loan guarantee in November, but it was contingent on progress on reforms and fighting corruption.