Ukraine incurred a huge deficit mainly due to its enormous military spending, and had to rely on its central bank printing more money.
The International Monetary Fund agreed to loan Ukraine US$15.6 billion over four years in a show of support that helps the nation shoulder a massive wartime budget deficit and sends a signal to potential donors.
The Washington-based IMF, which provides emergency loans for nations to weather economic crises, is a backbone for the international monetary system and its 190 member nations.
Trump also suggested giving the United States ownership of Ukraine’s electrical supply and nuclear power plants.
Two communiqués expressed 'unwavering support' for Ukraine and 'growing concern' at China's maritime aggression.
"Europe faces a clear and present danger," E.C. President Ursula von der Leyen said as the emergency meeting began.
The five-point plan, unveiled as "ReArm Europe," is Europe's largest military and economic mobilization effort this century.
Experts agreed science and diplomacy need to evolve to build trust, solve problems, and promote national interests.
The spike in the world’s deadliest infectious disease comes as officials warn global aid cuts could lead to a resurgence.
More than 275,000 glaciers cover 700,000 square kilometers of the planet. Glaciers and ice sheets store 70% of all freshwater.
From migrants to refugees, millions of lives and the organizations that help them are at risk from U.S. aid cuts.
