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White House defends IMF push in Ukraine aid
Global Post ^ | 3/15/2014 | Agence France-Presse

Posted on 03/16/2014 8:03:18 AM PDT by mac_truck

The White House on Friday defended its decision to attach an IMF reform bid to a $1 billion aid bill for Ukraine, which has angered some Republicans and slowed the measure's passage in Congress.

The bill has cleared a Senate committee but will not come up in the Senate until after next week's recess, and its prospects in the House of Representatives remain uncertain.

"We support legislation that includes IMF quota reform because it's the right thing to do generally and because it provides additional means for the IMF... to give support to Ukraine."

Some Republicans have accused the White House of using the wide support for aiding Ukraine as a way of forcing through the reforms to the IMF on which there is less of a consensus.

Disagreement over the IMF quota has meant that Washington is yet to ratify changes to the organization agreed in 2010.

The International Monetary Fund provision relates to an effort to expand the fund's lending framework by boosting the US share of funding, a move that will also provide a greater voice to developing economies.

"Passing IMF quota reform, which has been long delayed, is vital to ensuring that the IMF can lend resources in the scale that Ukraine needs to regain its financial footing," said White House spokesman Jay Carney.

(Excerpt) Read more at globalpost.com ...


TOPICS: Foreign Affairs; Front Page News; Government; News/Current Events
KEYWORDS: imf; socialism; ukraine

1 posted on 03/16/2014 8:03:18 AM PDT by mac_truck
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To: mac_truck

Obama wants a “clean” bill - except when he doesn’t.

Film at 11.


2 posted on 03/16/2014 8:05:22 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: mac_truck

Our administration wants to loan money to Ukraine that they can never pay back to pay for Russian oil and gas. And sanctions are going to do what, if Russia raises the price of Ukraine oil in response?


3 posted on 03/16/2014 8:06:25 AM PDT by grania
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To: mac_truck

Ukraine owes it all to the Russian gas company. Will they pay it?


4 posted on 03/16/2014 8:16:02 AM PDT by Rusty0604
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To: mac_truck

Time for a great big, “no you are not, Obama”.

Or will people act tough only to fold?


5 posted on 03/16/2014 8:17:46 AM PDT by dforest
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To: grania
Ukraine needs 35 bln help this year only, its debt today is 140 bln. Their economy produces debts and oligarchs.
6 posted on 03/16/2014 8:22:24 AM PDT by Cossak
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To: mac_truck

All that money will ultimately wind up in Putin’s hands.


7 posted on 03/16/2014 8:23:25 AM PDT by dfwgator
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To: mac_truck

They should go ahead and make the check directly out to Vlad Putin.

That’s where it’ll wind up anyway.


8 posted on 03/16/2014 8:30:14 AM PDT by moovova
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To: Rusty0604
Ukraine owes it all to the Russian gas company. Will they pay it?

You raise an interesting question.

Under the terms of the agreement Russia made with the old government, special Ukrainian bonds would be issued and purchased by Russia to fund the pay back of both Gazprom and existing IMF debt.

That all goes away now, leaving the Ukraine deeper in debt than before and ripe for EU/IMF 'austerity' measures.

The average Ukrainian is going to be screwed royally, as will the ordinary American taxpayer if the IMF 'reforms' Obama & McCain are pushing get passed.

9 posted on 03/16/2014 8:35:36 AM PDT by mac_truck ( Aide toi et dieu t aidera)
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To: mac_truck

“The average Ukrainian is going to be screwed royally, as will the ordinary American taxpayer if the IMF ‘reforms’ Obama & McCain are pushing get passed.”

That must be why the regime and McCain want it!

Ordinary American taxpayer, average Ukrainian, sheeple fodder for the NWO!


10 posted on 03/16/2014 8:43:28 AM PDT by dforest
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To: mac_truck

If America was smart, they would borrow $1 Trillion from the Chinese, and give it to Ukraine (no strings attached). This will show the Ukrainians how much we love them.


11 posted on 03/16/2014 8:47:28 AM PDT by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: mac_truck
The average Ukrainian is going to be screwed royally, as will the ordinary American taxpayer if the IMF 'reforms' Obama & McCain are pushing get passed.

You must have a poster of a shirtless Putin over your bed! /sarc

12 posted on 03/16/2014 9:06:53 AM PDT by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
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To: mac_truck
Obama's and Reid's IMF reform means less control of who we make IMF loans to. They continue to deconstruct our country.

The IMF loan to Ukraine should be a clean bill.

13 posted on 03/16/2014 9:21:27 AM PDT by FreeReign
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To: mac_truck

Why should the US share of funding increase while at the same time developing countries get a greater voice in the IMF. In the real world, that is the world outside of DC, if you invest more, you get a greater say in the management of the enterprise in which you are investing.


14 posted on 03/16/2014 9:24:53 AM PDT by p. henry
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To: p. henry
Why should the US share of funding increase while at the same time developing countries get a greater voice in the IMF. In the real world, that is the world outside of DC, if you invest more, you get a greater say in the management of the enterprise in which you are investing.

Because Obama and Reid hate our country.

15 posted on 03/16/2014 9:26:49 AM PDT by FreeReign
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To: mac_truck

Congress needs to demand a clean bill

Just like the WH demanded a clean debt ceiling bill


16 posted on 03/16/2014 9:52:13 AM PDT by Steven Tyler
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To: Steven Tyler
Congress needs to demand a clean bill

My question is why should American taxpayers give a billion dollars to a corrupt deadbeat East European country for ANY reason?

What domestic spending program gets cut to keep us under the debt limit?

17 posted on 03/16/2014 10:46:18 AM PDT by mac_truck ( Aide toi et dieu t aidera)
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To: mac_truck

There wasn’t a peep of protest, when the IMF was used to give big bucks to the so-called Palestinians a few years ago.


18 posted on 03/16/2014 10:56:45 AM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: mac_truck

We need to build missile bases for Ukrainians—a good project after 2016 or sooner.


19 posted on 03/16/2014 5:38:27 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: p. henry

Because of Communist “child support” policies whereby the man paying gets zero representation and the woman can hurt the man by hurting the kids or turning them into little Obama adoring sodomites.


20 posted on 03/16/2014 6:08:53 PM PDT by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
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To: mac_truck

Do they have to play politics with everything? I thought this Ukraine thing was really important? I guess it wasn’t important enough to get its own bill.


21 posted on 03/17/2014 4:24:21 AM PDT by Monmouth78
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