Ukraine incurred a huge deficit mainly due to its enormous military spending, and had to rely on its central bank printing more money to loan to the government.
The International Monetary Fund agreed to loan Ukraine US$15.6 billion over four years in a show of support that helps the nation shoulder a massive wartime budget deficit and sends a signal to potential donors.
The Washington-based IMF, which provides emergency loans for nations to weather economic crises, is a backbone for the international monetary system and its 190 member nations.
The group of organizations that reviewed the U.N. agency recommends several ways of strengthening its neutrality.
The humanitarian nightmare and attacks on civilians in Gaza dominated the U.N. Security Council's quarterly open debate.
At least 200 humanitarian workers have been killed in Gaza — more than 95% Palestinians – since the outbreak of war.
Polish Prime Minister Donald Tusk warns 'literally any scenario is possible' in Europe since Russia invaded Ukraine.
The chair of the talks called for optimism despite divisions among plastic-producing nations and those urging restraints.
The group of organizations that reviewed the U.N. agency recommends several ways of strengthening its neutrality.
The humanitarian nightmare and attacks on civilians in Gaza dominated the U.N. Security Council's quarterly open debate.
Climate scientists have warned for decades about bleaching of coral reefs, which are nurseries for commercial fisheries.
