Biden Administration Moves to Forgive $4.7 Billion of Loans to Ukraine
The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller said on Wednesday, as outgoing officials seek to do what they can before leaving office to bolster Ukraine in its war against Russia.
A funding bill passed by the U.S. Congress in April included just over $9.4 billion of forgivable loans for economic and budgetary support to Ukraine’s government, half of which the president could cancel after Nov. 15. The bill appropriated a total of $61 billion to help Ukraine fight the full-scale invasion Moscow launched in February 2022.
Biden has ordered officials to rush as much aid to Ukraine as possible before he leaves office on Jan. 20 amid concerns President-elect Donald Trump could limit U.S. support… (Continue to full article)
Biden Pledges Record $4 Billion to World Bank Fund for Poorest Countries
Biden pledged a $4 billion U.S. contribution to the World Bank’s International Development Association fund for the world’s poorest countries, a senior Biden administration official said on Monday.
Biden announced the three-year U.S. pledge during a closed session of the Group of 20 summit in Rio de Janeiro, the official told reporters, adding that the U.S. Treasury was leading negotiations at the World Bank for the IDA replenishment.
The new U.S. pledge is a record and substantially exceeds the $3.5 billion Washington committed in the previous IDA fund replenishment round in December 2021.
READER COMMENT: CAN ANYONE TELL ME WHERE HE’S GETTING ALL THIS EFFING MONEY? NOTHING FOR THE HOMELESS, crap raise for seniors, vets. Why isn’t this money staying here? Does any country give the United States anything? We just get the illegals from all countries then we have to support them! What the hell?? (Continue to full article)
