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Showing posts with the label war in ukraine

IMF $15.6 billion loan to Ukraine.

 The International Monetary Fund(IMF) said on Friday its executive board approved a four year $15.6 billion loan program for Ukraine, which is part of a global $115 billion package to support the country's economy as it battles Russia's 13-month old invasion. If approved, it will be the first time in 80 years the IMF loans to country at war. This move is obviously politically motivated. Buy also, the  humanitarian need on the ground is quite severe. The loan itself is actually for 2 1/2 years, but will unfold in two stages. The first is a year to year and a half will be devoted to building, fiscal, external, price and financial stability. Basically, they'll focus on something called revenue mobilization. Before that Ukraine must meet certain conditions over the next two years, including steps to boost tax revenue, maintain exchange rate stability, preserve central bank independence and strengthen anti-corruption efforts, because some news has been coming out of Ukraine a...

A look at Japan's national security strategy.

 What makes this year policy so special? Japan is an island nation in the East Asia whose capital is Tokyo. It is an archipelago of 6852 islands. The five main islands of Japan are Hokkaido, Honshu, Shikoku, Kyushu and Okinawa. It is located in  the Northwest Pacific Ocean and is bordering on the west by the Sea of Japan. It is also a part of the ring of fire. It is the third largest economy in the world. Japan is facing an domestic challenge such as declining and aging population with a low fertility rate and a severe fiscal conditions. Japan is facing an unprecedented challenge in East Asia as China is modernizing its military at a very fast pace as it has set clear goals to achieve " the great rejuvenation of the Chinese nation," the full completion of "building China into a great modern socialist country " by the middle of this century and to buildup the People's Liberation Army to be elevated to "world-class standards". Japan has also called Chi...