Salem Radio Network News Saturday, June 10, 2023


Ukraine, IMF agree on $15.6 billion loan package


( ) -q-25- UNDATED (Correspondent Jeremy House) “higher military spending.”

The IMF and Ukraine have agreed on a new loan package to support the government’s financies severely strained by Russia’s invasion.

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TAG: Correspondent Jeremy House reporting. The loan agreement also aims to support Ukraine’s efforts to revamp its economy as part of its bid to join the European Union.

VERBATIM: The $15.6 billion deal is expected to leverage even more money by assuring other donors that Ukraine is following strong economic policies. Ukraine’s finance ministry says the program will “help to mobilize financing from Ukraine’s international partners” and “ensure the path to post-war reconstruction.” The government is running a huge budget deficit amid massively higher military spending.

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