IMF and Congress Bolster Foreign Aid for Ukraine

by Letters 4 the Damned

KIEV, Ukraine — The recent conflict between Ukraine and Russia has left Ukraine in economic despair, and the international community has responded with several aid efforts. The conflict, which has resulted in a failing economy for Ukraine, has been a major topic in recent news.

President Barack Obama warns against indifference toward the conflict, stating that it “would ignore the lessons of two world wars.” The IMF’s goal has been to unlock U.S. $27 billion in foreign aid for Ukraine. Several countries have joined together to offer this aid, including the U.S. and the European Union, but Ukraine’s finance ministry has explained that they will need a total of U.S. $35 billion in aid over the next two years or the government will have to default.

Full Article @: IMF and Congress Bolster Foreign Aid for Ukraine Borgen Magazine