Page 5 - Financial Aid

European Union assists Lebanon's armed forces with 6 million euros

The statement added that the assistance measure will finance healthcare equipment to support military medical services and personal gear

US to send Ukraine $400 million more in military aid as war advances

The U.S. will send USD 400 million more in military aid to Ukraine, U.S. officials announced Thursday, amid concerns that financial assistance for the war against Russia could decline a bit if Republicans take control of Congress. The aid comes as the vote counting from Tuesday's election continues, with Republicans inching closer to a narrow House majority and with control of the Senate hinging on tight races in Arizona, Nevada and Georgia. According to the Pentagon, the aid package will contain large amounts of ammunition and, for the first time, four highly mobile Avenger Air Defense Systems. Include is ammunition for the High Mobility Artillery Rocket Systems, known as HIMARS, which Ukraine has been successfully using in its counteroffensive against Russia. There also will be Stinger missiles for the HAWK surface-to-air anti-aircraft system, 10,000 mortar rounds, thousands of artillery rounds for Howitzers, 400 grenade launchers, 100 Humvees, cold weather gear and 20 million ...

US announces to give Lebanon $80.5 million in aid amid economic crisis

The United States announced Wednesday that it will give $80.5 million in aid for food assistance and solar-powered water pumping stations in the crisis-battered country of Lebanon. The announcement was made by USAID chief Samantha Power during a visit to Lebanon ahead of a trip to Egypt for the COP27 U.N. climate conference. During the visit, Power is set to meet with Lebanese political leaders to push for a resolution to the country's political vacuum and for leaders to carry out a slate of political and economic reforms required by the International Monetary Fund to clinch a $3 billion aid package. The visit comes as Lebanon is in the grip of its worst economic and financial crisis in its modern history. On Oct. 31, the six-year term of President Michel Aoun ended with no replacement elected. Power declined to say, however, whether any U.S. assistance would be contingent on Lebanon taking these measures. We are not focused on what happens if those reforms don't happen. The refor

Ukraine to get new military, humanitarian aid from Spain, says report

Ukrainian Foreign Minister Dmytro Kuleba said that his war-torn country will soon get new military and humanitarian assistance from Spain

UK announces additional GBP 10 mn aid for flood relief efforts in Pakistan

The UK on Friday announced an additional GBP 10 million humanitarian assistance for flood relief efforts in Pakistan, bringing the country's total contribution to GBP 26.5 million. According to Pakistan's National Disaster Management Authority, the unprecedented floods that have submerged huge swathes of the country have so far killed nearly 1700 people and destroyed or damaged 2 million houses. As many as 546,000 people are living in relief camps. The disaster has also damaged 12,716 km of roads and 22,000 schools. In total, 745 health centres have been damaged or destroyed. The British High Commission here said in a statement that the UK will provide a further GBP 10 million of humanitarian aid to Pakistan for flood relief efforts, bringing Britain's total contribution to GBP 26.5 million. Of the total aid, GBP 21.5m has been allotted to the relief efforts in the areas worst hit by the flooding. The remaining GBP 5m will go directly to the Disasters Emergency Committee (DEC) ...

IMF should issue new reserves to help countries tackle crises: Civil groups

The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping crises, 140 civil society groups said in a letter

Punjab seeks financial assistance from govt for solarisation of agri-pumps

The Punjab government has sought financial assistance from the Centre for the solarisation of agriculture pump sets with up to 15 horsepower on the pattern of northeast and hilly states. In a letter written to RK Singh, Union Minister for Power and New and Renewable Energy, Punjab Minister Aman Arora said the ministry has made a provision for providing central financial assistance (CFA) to farmers of northeast and hilly states for their pumps up to 15 HP capacity last month. But, this facility is available only for up to 7.5 HP agri-pumps in Punjab, he pointed out. The financial assistance is given under the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan) scheme. "Punjab was the pioneer state in the green revolution, which is rightly known as the food bowl of India. Thus, farmers of the state also need hand-holding of the Central government and they also deserve to avail benefits of the scheme. "Punjab is predominantly an agrarian state, and around 14 lakh ...

Goa to disburse financial aid to 216 patients till PM Modi's next birthday

The governor also announced the kickstart of the cleaning of the Miramar beach before inaugurating a Cow shelter home with Chief Minister Pramod Sawant for 20 cows

IMF may make formal announcement on SL's bailout package tomorrow: Reports

The visiting IMF delegation is expected to conclude talks with the Sri Lankan government and make a formal announcement on Thursday on the much-awaited bailout package and staff-level agreement for the cash-strapped island nation, media reports said on Wednesday. Sri Lanka is going through its worst economic crisis since its independence in 1948 which was triggered by a severe paucity of foreign exchange reserves. The second such visit from the International Monetary Fund (IMF) in three months comes at a time when Sri Lanka is scrambling to chalk out a staff-level agreement with the Washington-based global lender for a USD 5 billion programme, which could be the antidote for the country's current economic travails. "The IMF Mission in Colombo has been extended by one day because discussions are still ongoing with the authorities, Colombo Page news portal reported, quoting Senior Mission chief Peter Breuer, as saying. Breuer, who is an expert in debt restructuring, said his team pla

US announces $30 million in support for Pakistan to deal with floods

The US on Tuesday announced USD 30 million to help cash-starved Pakistan and people affected following severe rains and flooding in the country. The devastating floods caused by record monsoon rains have displaced more than 33 million or one-seventh of the country's population. The US embassy in Islamabad said in a statement that Pakistan's government has declared the floods a national emergency, with 66 districts reported to be calamity hit. The United States, through the U.S. Agency for International Development (USAID), today announced an additional USD 30 million in life-saving humanitarian assistance to support people and communities affected by severe flooding in Pakistan, the embassy said. It further said that the US is deeply saddened by the devastating loss of life, livelihoods, and homes throughout Pakistan and in response to the Pakistani government's request for assistance, it will prioritise urgently needed food support, safe water, sanitation and hygiene improvements,

UN warns 6 mn Afghans at risk of famine, urges donors to restore funding

Warning that Afghanistan faces deepening poverty with 6 million people at risk of famine, the U.N. humanitarian chief on Monday urged donors to restore funding for economic development and immediately provide $770 million to help Afghans get through the winter as the United States argued with Russia and China over who should pay. Martin Griffiths told the U.N. Security Council that Afghanistan faces multiple crises -- humanitarian, economic, climate, hunger and financial. Conflict, poverty, climate shocks and food insecurity have long been a sad reality in Afghanistan, but he said what makes the current situation so critical is the halt to large-scale development aid since the Taliban takeover a year ago. More than half the Afghan population -- some 24 million people -- need assistance and close to 19 million are facing acute levels of food insecurity, Griffiths said. And we worry that the figures will soon become worse because winter weather will send already high fuel and food ..

Death toll from Pakistan floods near 1,100 as international aid trickles in

The death toll from the devastating floods in Pakistan neared 1,100 Monday, as international aid began to trickle in following Prime Minister Shehbaz Sharif-led cash-strapped government's desperate appeal for aid to deal with the crisis that has displaced 33 million or one-seventh of the country's population. Pakistan's Climate Change Minister Sherry Rehman called it the "monster monsoon of the decade," while Finance Minister Miftah Ismail said the floods have impacted Pakistan's economy by USD 10 billion. At least 1,061 are dead and 1,575 injured, according to the latest data issued on Monday by the National Disaster Management Authority, the chief national organisation tasked to deal with natural calamities. It said that about 992,871 houses were totally or partially damaged, leaving millions without access to food, clean drinking water and shelter. Around 7,19,558 livestock are also dead, as millions of acres of fertile farmlands have been inundated by weeks of constant ...

KCR to leave for Bihar on Aug 31; to extend financial aid to Galwan martyrs

Telangana Chief Minister K Chandrashekar Rao will visit Bihar on August 31 to give financial assistance to the families of Indian soldiers who martyred in Galwan valley, an official release said on Monday. Rao will also provide financial assistance to the families of the 12 Bihar workers who died in the recent fire accident here, it further said. He will distribute the cheques along with Bihar Chief Minister Nitish Kumar, according to the release. "Both the Chief Ministers will discuss the national politics on this occasion," it said. Rao and his Jharkhand counterpart Hemant Soren in March handed over cheques for Rs 10 lakh each to the family members of two jawans martyred in Galwan Valley clashes at the Chinese border. Rao had announced to extend support to the families of 19 jawans martyred in the Galwan Valley clashes in 2020. The Telangana government had earlier extended support to Colonel Santosh Babu, belonging to Telangana, who was martyred in the clashes.

Joe Biden marks Ukraine Independence Day with $3-bn military package

The Pentagon said the new package would include 6 additional surface-to-air missile systems known as NASAMS, 24 counter-artillery radars, Puma drones, along with counter-drone systems known as VAMPIRE

US to send $3 bn in aid to Ukraine to mark 6-month anniversary of war

As Russia's war on Ukraine drags on, U.S. security assistance is shifting to a longer-term campaign that will likely keep more American military troops in Europe into the future, including imminent plans to announce an additional roughly $3 billion in aid to train and equip Ukrainian forces to fight for years to come, U.S. officials said. U.S. officials told The Associated Press that the package is expected to be announced Wednesday, the day the war hits the six-month mark and Ukraine celebrates its independence day. The money will fund contracts for drones, weapons and other equipment that may not see the battlefront for a year or two, they said. The total of the aid package which is being provided under the Ukraine Security Assistance Initiative could change overnight, but not likely by much. Several officials spoke on condition of anonymity to discuss the aid before its public release. Unlike most previous packages, the new funding is largely aimed at helping Ukraine secure i

Afghanistan receives $40 mn humanitarian aid in cash, forex reserve soars

Afghanistan has received $40 million in cash as humanitarian aid, the Da Afghanistan Bank (DAB), the country's central bank, said in a statement

Kerala govt announces emergency financial assistance for cash-strapped PSU

The Kerala government has announced emergency financial assistance to Travancore Cements Limited, a cash-strapped public sector undertaking (PSU) to tide over its ongoing crisis

US announces $820M in Ukraine aid, including missile systems amid war

The US announced that it will provide Ukraine with $820 million in new military aid, including new surface-to-air missile systems and counter-artillery radars

Australia donates $15 mn to UN's emergency food fund for Sri Lanka

The Australian funding will help WFP provide critical assistance to the most at-risk Sri Lankans, including pregnant and breastfeeding women and school children

Cash-strapped Pak secures deal with IMF to restore stalled $6 bn aid

Cash-strapped Pakistan has secured a deal with the International Monetary Fund to restore the stalled $6 billion assistance package and unlock doors for financing from other international sources