https://sputniknews.lat/20230414/el-representante-ruso-ante-bm-denuncia-descenso-de-ayuda-a-otros-paises-por-prestamos-a-kiev-1138135771.html
The Russian representative to the World Bank denounces a decrease in aid to other countries due to loans to kyiv
The Russian representative to the World Bank denounces a decrease in aid to other countries due to loans to kyiv
WASHINGTON (Sputnik) – The increase in loans to Ukraine by the World Bank (WB) leads to a decrease in financing for other countries… 04.14.2023, Sputnik World
2023-04-14T13:06+0000
2023-04-14T13:06+0000
2023-04-14T14:34+0000
world Bank
Ukraine
loan
financial help
🌍 europa
/html/head/meta[@name=”og:title”]/@content
/html/head/meta[@name=”og:description”]/@content
https://cdn2.img.sputniknews.lat/img/07e5/02/19/1109190229_0:0:3074:1729_1920x0_80_0_0_2842b75cfe5d157b7a2e58bdfc02c349.jpg
Marshavin said the biggest concern is the risk that Ukraine will not repay the borrowed funds, despite promises from its “sponsors” to avoid defaulting on its World Bank loan obligations. “We know very well the cost of such promises. In general, this issue is becoming increasingly sensitive for developing countries,” concluded Marshavin. She stressed that “the possibilities of the bank in the coming months to finance the Ukrainian program at the cost of loans are almost exhausted.” In addition, he emphasized that at the moment “donor funds account for almost 80 percent of all financial assistance to Ukraine from the World Bank Group,” adding that the organization is monitoring that the aid is not used for military purposes. Russia has continued the special military operation in Ukraine since February 24 last year. According to Russian President Vladimir Putin, the goal is the demilitarization and denazification of the neighboring country. An alternative to the dollar Marshavin also believes that the ruble can become an alternative to the US currency if an appropriate financial policy is applied. The main requirements Prior to reaching this goal, he continued, are the lowest level of Russia’s public debt in the world, the trade surplus, as well as the stability of the political system, something that the current issuers of reserve currencies that “are on the verge of of bankruptcy”. The expert expressed his confidence that the future lies in ruble transactions that will stimulate the development of productive capacities within Russia and the growth of its high-tech exports. Marshavin expressed his personal opinion that it may not correspond to the official position of the World Bank Group and the institutions within the financial body.
https://sputniknews.lat/20230414/orban-financieramente-ucrania-es-un-pais-inexistente-1138129053.html
Ukraine
2023
es_ES
world bank, ukraine, loan, financial aid, 🌍 europe
world bank, ukraine, loan, financial aid, 🌍 europe
WASHINGTON (Sputnik) – The increase in loans to Ukraine by the World Bank (WB) leads to a decrease in financing for other countries, the executive director of the World Bank Group for Russia and Syria, Roman Marshavin, told Sputnik. .
“In a situation where the amount of resources at the Bank’s disposal is limited, an increase in lending to Ukraine leads to a decrease in the volume of financing in other countries and cannot but cause complaints from many borrowers,” he claimed.
Marshavin noted that the biggest concern is the risk that Ukraine do not repay borrowed funds, despite the promises of its “sponsors” to avoid defaulting on the loan obligations to the World Bank. “We know very well the cost of such promises. In general, this issue is becoming increasingly sensitive for developing countries,” concluded Marshavin.
He stressed that “the possibilities of the bank in the coming months to finance the Ukrainian program at the cost of loans are almost exhausted.”
In addition, he emphasized that at the moment “donor funds account for almost 80 percent of all financial assistance to Ukraine from the World Bank Group,” adding that the organization is monitoring that aid not be used for military purposes.
An alternative to the dollar
Likewise, Marshavin believes that the ruble it can become an alternative for the US currency if an adequate financial policy is applied.
“In my opinion, the ruble could become an alternative to the dollar with the right financial policy, we have all the capabilities for this,” Marshavin said.
The main prerequisites for reaching this goal, he continued, are the level of Russia’s public debt lowest in the worldthe trade surplus, as well as the stability of the political system, something that the current issuers of reserve currencies that “are on the verge of bankruptcy” do not have.
The expert expressed his certainty that the future is in ruble transactions that will stimulate the development of productive capacities within Russia and the growth of its high-tech exports.
Marshavin expressed his personal opinion that it may not correspond to the official position of the World Bank Group and the institutions within the financial body.
Don’t miss the most important news
Subscribe to our Telegram channels through these links.
Since the Sputnik app is blocked abroad, in this link you can download and install it on your mobile device (Android only!).
We also have an account on the Russian social network VK.
