Loan

Democrat Assemblyman Joaquin Arambula has introduced a bill to expand a California loan program that was originally intended to help low- and middle-income individuals buy a home. Arambula wants the program to include illegal immigrants.

At the end of July, the Minister of Finance of Ukraine Serhiy Marchenko and the new head of the National Bank, Kirill Shevchenko, on behalf of the government, signed a memorandum with the European Union in Brussels on the allocation of macro-financial assistance to Ukraine in the amount of 1.2 billion euros.

Earlier this month, the International Monetary Fund (IMF) blocked a request from Venezuela for an emergency loan to deal with the COVID–19 pandemic on the grounds that President Nicolas Maduro “lacked recognition.” “IMF engagement with member countries is predicated on official government recognition by the international community, as reflected in the IMF’s membership.

Facing devastation difficult to overstate, Hurricane Irma-battered Barbuda lost more than 90 percent of its structures in a record-breaking storm that will require an estimated $150 million in reconstruction and recovery.
It also has to repay a $3 million debt to the International Monetary Fund, whose special representative to the United Nations Christopher Lane resisted the idea of a moratorium on Friday.

Greece’s Statistics agency employees walk past the logo of the agency in Piraeus, near Athens. Serious errors in Greek deficit data, revealed last year, helped trigger the European government debt crisis rattled world markets and confidence in the euro. (AP/Petros Giannakouris)

(COMMONDREAMS) Cambodians are responding with outrage to the U.S.

(ANTIWAR) The US Embassy to Iraq has announced that the US government has secured a $2.7 billion loan to the Iraqi government to pay for their ammunition and equipment maintenance during the ISIS war. The loan will have a term of eight and a half years at a 6.45% interest rate.