The US is discussing a $100B aid package, its largest, and will work to convince the IMF and the World Bank to maintain financial support for Ukraine.

Monday, October 9, 2023
The US is discussing a $100B aid package, its largest, and will work to convince the IMF and the World Bank to maintain financial support for Ukraine.

US President Joe Biden plans to ask Congress to approve $100B for the largest package of military and humanitarian aid to Ukraine, which should be enough for about two years.

According to The Telegraph, the White House is drawing up plans to ask Congress for the largest package of defense and humanitarian aid funding amid fears that disputes over spending could hurt the president in next year’s election.

“The idea of a “big package” is strongly supported by many in the administration,” the publication’s sources noted.

Meanwhile, US Treasury Secretary Janet Yellen will discuss US priorities at the annual meeting of the IMF and the World Bank, including increasing funding for institutions amid political chaos in the US Congress. A representative from the US Treasury Department said that Yellen will advocate for countries and institutions to provide Ukraine with as much funding as it needs to fight the Russian invasion.

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