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The International Monetary Fund (IMF) reported on May 30 that it had reached a staff-level agreement with Ukrainian officials that could lead to the disbursement of a $900 million tranche under the Extended Fund Facility (EFF) Arrangement.
originally posted by: Nexttimemaybe
Borrowing any money from the IMF seems to end badly for any country that does.
Surprised they didn't offer billions, maybe they did.
originally posted by: Oldcarpy2
a reply to: vNex92
Apart from their 110 Billion bailout in 2010?
www.imf.org...
originally posted by: Vroomfondel
a reply to: putnam6
How much of that is earmarked for "the big guy"?
originally posted by: vNex92
a reply to: Oldcarpy2
That current World Order that pushing the New Western Social Norms?
originally posted by: Vroomfondel
a reply to: putnam6
How much of that is earmarked for "the big guy"?
Ukrainska Pravda: State arms brokers failed to fulfill defense contracts worth $242 million amid war
Four state-owned enterprises tasked with procuring arms for the military after the full-scale invasion failed to deliver Hr 8.9 billion ($242 million) worth of weapons and ammo after receiving the money, Ukrainska Pravda found.
Citing the court registry, the outlet reported that Ukraine’s Defense Ministry filed at least 30 lawsuits against state companies responsible for buying arms and ammunition for the military.
These include Defense Procurement Agency, Ukrspetsexport and Progress, and Spetstechnoexport, supervised by the Defense Ministry.
For example, Progress got Hr 1.3 billion ($35 million) to buy 122-millimeter rounds for the Grad unguided rocket artillery system in May 2022, Ukrainska Pravda reported citing its sources.
Progress has never delivered on this promise. It also failed to procure Humvees for the military despite being given the money to do so.
The Defense Ministry’s claims against Progress add up to Hr 2.6 billion ($70.7 million).
One of the top managers of Progress, Oleksandr Myroniuk, has been charged with document forgery and attempted money laundering. When searching his home in connection to a probe into embezzlement of $580,000 in Defense Ministry’s money on body armor procurement, law enforcement found Hr 17 million, $400,000, and 100,000 euros of unknown origin in Myroniuk’s possession.
Read the full story by Ukrainska Pravda in Ukrainian here.