Kiev seeks $20B lending program from IMF

Ukrainian President Volodymyr Zelensky said on Wednesday that the up to $20 billion lending program agreement between the country and the International Monetary Fund (IMF) has to be "finally" approved.

In a speech at an event organized by the World Bank and the IMF, the Ukrainian leader specified that the nation needs $38 billion to make up for the budget deficit in 2023 and another $17 billion to cover the costs of rebuilding the critical infrastructure.

Ukraine needs another $2 billion in "targeted credit" to reconstruct energy infrastructure so it could continue energy exports to Europe, as well as at least $5 billion more in "credit limits" to purchase natural gas and coal ahead of the heating season, according to Zelensky.

As President of Ukraine, who would you take a stand like: Winston Churchill or Neville Chamberlain: appeasement policy on 30 September 1938, announced “peace for our time” straight after returning from Munich?

President Zelensky is the leader the Ukrainians elected to take a stand for their nation. These people KNOW that Putin cannot be trusted no matter WHAT national or international agreement he signs. As Putin has not honored his ‘agreements’ past & present even with Russian oligarchs, why should Ukraine trust the future given his reputation.

The Ukrainian people also KNOW their stand against Russia is extremely difficult. But, they no longer can submit:

Please refer to the U.S.A. Declaration of Independence:

“WHEN in the Course of human Events, it becomes necessary for one People to dissolve the Political Bands which have connected them with another, and to assume among the Powers of the Earth, the separate and equal Station to which the Laws of Nature and of Nature’s God entitle them, a decent Respect to the Opinions of Mankind requires that they should declare the causes which impel them to the Separation.

We hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the Pursuit of Happiness—-That to secure these Rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed, that whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its Foundation on such Principles, and organizing its Powers in such Form, as to them shall seem most likely to effect their Safety and Happiness.

Prudence, indeed, will dictate that Governments long established should not be changed for light and transient Causes; and accordingly all Experience hath shewn, that Mankind are more disposed to suffer, while Evils are sufferable, than to right themselves by abolishing the Forms to which they are accustomed.

But when a long Train of Abuses and Usurpations, pursuing invariably the same Object, evinces a Design to reduce them under absolute Despotism, it is their Right, it is their Duty, to throw off such Government, and to provide new Guards for their future Security.”

Examine U.S. precedent set in F.D.R.’s 1941 State Of the Union Address:

“We need not overemphasize imperfections in the Peace of Versailles. We need not harp on failure of the democracies to deal with problems of world reconstruction. We should remember that the Peace of 1919 was far less unjust than the kind of “pacification” which began even before Munich, and which is being carried on under the new order of tyranny that seeks to spread over every continent today. The American people have unalterably set their faces against that tyranny.

I suppose that every realist knows that the democratic way of life is at this moment being directly assailed in every part of the world–assailed either by arms, or by secret spreading of poisonous propaganda by those who seek to destroy unity and promote discord in nations that are still at peace...

Armed defense of democratic existence is now being gallantly waged in four continents. If that defense fails, all the population and all the resources of Europe, and Asia, and Africa and Australasia will be dominated by conquerors. And let us remember that the total of those populations in those four continents, the total of those populations and their resources greatly exceeds the sum total of the population and the resources of the whole of the Western Hemisphere–yes, many times over.

In times like these it is immature–and incidentally, untrue–for anybody to brag that an unprepared America, single-handed, and with one hand tied behind its back, can hold off the whole world.

[17] No realistic American can expect from a dictator’s peace international generosity, or return of true independence, or world disarmament, or freedom of expression, or freedom of religion–or even good business.

Such a peace would bring no security for us or for our neighbors. “Those, who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety.”

As a nation, we may take pride in the fact that we are softhearted; but we cannot afford to be soft-headed.

We must always be wary of those who with sounding brass and a tinkling cymbal preach the “ism” of appeasement.We must especially beware of that small group of selfish men who would clip the wings of the American eagle in order to feather their own nests.

I have recently pointed out how quickly the tempo of modern warfare could bring into our very midst the physical attack which we must eventually expect if the dictator nations win this war.

Our national policy is this:

-First, by an impressive expression of the public will and without regard to partisanship, we are committed to all-inclusive national defense.

-Second, by an impressive expression of the public will and without regard to partisanship, we are committed to full support of all those resolute people everywhere who are resisting aggression and are thereby keeping war away from our Hemisphere. By this support, we express our determination that the democratic cause shall prevail; and we strengthen the defense and the security of our own nation.

-Third, by an impressive expression of the public will and without regard to partisanship, we are committed to the proposition that principles of morality and considerations for our own security will never permit us to acquiesce in a peace dictated by aggressors and sponsored by appeasers. We know that enduring peace cannot be bought at the cost of other people’s freedom.

In the recent national election there was no substantial difference between the two great parties in respect to that national policy. No issue was fought out on this line before the American electorate. And today it is abundantly evident that American citizens everywhere are demanding and supporting speedy and complete action in recognition of obvious danger.

The Army and Navy, however, have made substantial progress during the past year. Actual experience is improving and speeding up our methods of production with every passing day. And today’s best is not good enough for tomorrow.

I am not satisfied with the progress thus far made. The men in charge of the program represent the best in training, in ability, and in patriotism. They are not satisfied with the progress thus far made. None of us will be satisfied until the job is done.

No matter whether the original goal was set too high or too low, our objective is quicker and better results.

We are behind schedule in turning out finished airplanes; we are working day and night to solve the innumerable problems and to catch up.
We are ahead of schedule in building warships but we are working to get even further ahead of that schedule.
To change a whole nation from a basis of peacetime production of implements of peace to a basis of wartime production of implements of war is no small task. And the greatest difficulty comes at the beginning of the program, when new tools, new plant facilities, new assembly lines, and new ship ways must first be constructed before the actual materiel begins to flow steadily and speedily from them.

New circumstances are constantly begetting new needs for our safety. I shall ask this Congress for greatly increased new appropriations and authorizations to carry on what we have begun.

I also ask this Congress for authority and for funds sufficient to manufacture additional munitions and war supplies of many kinds, to be turned over to those nations which are now in actual war with aggressor nations.

[49] Our most useful and immediate role is to act as an arsenal for them as well as for ourselves. They do not need man power, but they do need billions of dollars worth of the weapons of defense.

The time is near when they will not be able to pay for them all in ready cash. WE CANNOT, AND WILL NOT, TELL THEM THEY MUST SURRENDER, merely because of PRESENT INABILITY to pay for the weapons which we know they must have.

I recommend that we MAKE IT POSSIBLE for those nations to continue to obtain war materials in the United States, fitting their orders into our own program. And nearly all of their materiel would, if the time ever came, be useful in our own defense.”

https://voicesofdemocracy.umd.edu/fdr-the-four-freedoms-speech-text/

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