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Financial Package

All articles tagged with #financial package

world1 month ago•5 min saved

EU Considers Using Frozen Russian Assets or Borrowing to Fund Ukraine

The European Commission proposed a €210 billion financial package to support Ukraine, funded by frozen Russian assets across the EU, mainly in Belgium. The plan faces opposition from Belgium over concerns of Russian retaliation and risk-sharing, with key questions about the loan's structure, safeguards, and impact on peace negotiations. The proposal aims to strengthen Ukraine's defense and financial stability while addressing legal and political hurdles within the EU.

via politico.eu|

#belgium #eu #financial-package

finance2 years ago•1 min saved

IMF Continues Discussions with Egypt and Pakistan on Economic Reforms and Bailout Agreements

The International Monetary Fund (IMF) and Egypt have not yet agreed on a date for the initial review under a $3bn financial package signed in December, according to an IMF official. The IMF has called for Egypt to adopt a flexible exchange rate, reduce inflation by using monetary policy instruments, especially interest rates, and open more space for the private sector by levelling the playing field with state companies. The official Egyptian pound's exchange rate has remained nearly unchanged for more than a month at about 30.93 to the dollar, despite a promise by the central bank in October to let supply and demand determine its price.

via Reuters|

#egypt #exchange-rate #finance