March 27, 2014

America's Dereliction of Duty

The Economist, The Economist

The Associated Press

ANYONE who doubts the importance of the International Monetary Fund should look at Ukraine. Every Western nation is talking about helping the Ukrainians resist Vladimir Putin. In terms of immediate cash, America has come up with $1 billion of loan guarantees, while the European Union has found €1.6 billion ($2.2 billion) of budget support. The IMF, meanwhile, is discussing lending Ukraine’s government about $15 billion.

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TAGGED: U.S. Congress, United States, International Monetary Fund, IMF

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