The International Monetary Fund is Considering $16 Billion Aid Package to Ukraine
The International Monetary Fund is now discussing a new multi-year aid package worth $16 billion to cover Ukraine’s budget and for war recovery.
According to a Bloomberg report, officials who know about the IMF’s inner workings revealed that “If approved, the three- to four-year program — worth $14 billion to $16 billion total — will assume a disbursement of $5 billion to $7 billion in the first year.”
The plan could be fully hammered out towards the end of March, with the first series of payments sent out as early as April.
That said, the IMF has mentioned several conditions that must first be met, which includes a G7 endorsement for the package, and other donors who give Ukraine a glowing recommendation for external aid due to the country’s large and constantly growing debt.
According to an official IMF statement, the IMF “remains closely engaged” with Ukraine and stated that cooperation “could pave the way toward a fully fledged program.” As Tyler Durden of ZeroHedge reported, the IMF “didn’t confirm to Bloomberg the potential size of the loan.”
Ukraine has already received billions in economic and military aid from the Collective West. This is part of the West’s to get Russia trapped in a geopolitical blunder in Ukraine. While this invasion is a deplorable event, increasing military aid is just adding fuel to the fire and potentially turning this clash into a nuclear conflict.
On top of that, Ukraine is no paragon of advanced democracy. It’s a corrupt Slavic state that has proven to be incapable of achieving respectable economic and political development since the dissolution of the Soviet Union.
In sum, the US has no business butting into what is a Slav-on-Slav geopolitical struggle. It should be placing all of its attention on the southern border — America’s primary national security blindspot.