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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 flowing to Ukraine.
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 playing an increasingly important role.
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 international bridge constructions. Business leaders welcome the development, emphasizing the economic...
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.