Page 5 - Budget Support News Today

US President Joe Biden's administration is "firmly committed" to seeking more budget support for Ukraine, Treasury Secretary Janet Yellen told key EU officials Wednesday, despite Congress remaining in gridlock.Speaking at the start of a Washington meeting with EU executive vice presidents Margrethe Vestager and Valdis Dombrovskis, she added that Congress must act quickly to reach a deal.

U.S. Treasury Secretary Janet Yellen reiterated in a video call with Ukrainian Prime Minister Denys Shmyhal on Jan. 23 that the Biden administration is committed to securing $11.8 billion in direct budget support to Ukraine as part of the national security supplemental request before Congress.

Should budget support be used more by aid donors? Terence Wood reviews a recent book which makes the case for this tool in the aid toolkit.

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen reassured Ukrainian Prime Minister Denys Shmyhal on Tuesday that the Biden administration was committed to securing $11.8 billion in budget support to Kyiv as part of a supplemental U.S. funding request. The Treasury said in a statement following a virtual meeting between the two officials that Yellen "underscored the importance of Congress acting on financial support for Ukraine as quickly as possible." The Biden administrat...

Ukraine needs both financial and military support to prevent the government in Kyiv from resorting to "money-printing" to keep the economy afloat. Source: The Guardian, citing the chief economist of the European Bank for Reconstruction and Development (EBRD), Beata Javorcik, in an interview at Davos.

Norway unveiled on Dec. 13 new aid for Ukraine as part of the previously announced multi-year support plan, including air defenses, humanitarian assistance, and increased munition production.

Treasury Secretary Janet Yellen said on Tuesday that the United States would be "responsible for Ukraine's defeat" if Congress fails to approve the Biden administration's latest multi-billion-dollar funding request for the war-torn country. Yellen told reporters on a trip to Mexico City that the funding - particularly for Ukraine's general government budget support - was "utterly essential" and a pre-condition to keep International Monetary Fund support flowin...

To meet their development goals, policy-makers in developing countries must prioritize a major funding push, together with policy reforms grounded in a sound macroeconomic framework. A new book – Retooling Development Aid in the 21st Century: The Importance of Budget Support – argues that reforms at the national level will need greater cross-border cooperation and a substantial expansion in financing from the global community, with multilateral development banks (MDBs) and other donors playi...

End stranding during storms with the construction of two bridges linking Luzon, Visayas, and Mindanao. The Department of Public Works and Highways (DPWH) collaborates with Japanese experts to assess long-span bridge projects connecting the country's main island groups. This proposal aims to reduce travel time and port congestion, offering a permanent solution to the problem of stranding during weather disturbances. The project's engineering solutions draw inspiration from successful in...

Sources within the European Union say that the EU will be able to bypass any Hungarian veto and provide Ukraine with EUR 50 billion in aid. Source: Reuters, citing European officials, as reported by European Pravda.