IMF says could approve $1.4 billion emergency funding as early as next week, warns of 'severe impact

[yaesu]

The International Monetary Fund has said it expects to bring Ukraine’s request for $1.4 billion in emergency financing to its board for approval as early as next week as it warned the war will have a “severe impact” on the global economy.

The IMF also said it was in talks about funding options with authorities in neighbouring Moldova, reports Reuters.

The global lender said in a statement that the war in Ukraine was already driving up energy and grain prices amid a growing refugee crisis and unprecedented sanctions on Russia.

“While the situation remains highly fluid and the outlook is subject to extraordinary uncertainty, the economic consequences are already very serious,” the IMF said in a statement.

[gradmaster]

1. Scary!

I don't know what 's more frightening - these Republicans in Congress or the people who vote them in office!