US Treasury Secretary Janet Yellen called on all international partners to increase their financial support for Ukraine, stressing that the support given to date “will not be enough.”

“I sincerely ask our partners to increase their economic support to Ukraine. Our joint efforts are critical to help Ukrainian democracy prevail over Putin’s aggression,” Yellen said in her speech on the sidelines of the Brussels Economic Forum.

The US Treasury Secretary spoke about the “immediate” financing needs of Ukraine are “significant”, since the country needs economic endowment to “pay soldiers, employees and pensioners” as well as to keep its economy running to “meet the basic needs of citizens”.

To this count, Yellen focused on Ukraine’s financing needs in terms of private investment to finance reconstruction and recovery “similar to the task of rebuilding Europe after 1945“, for which she has emphasized that bilateral and multilateral support that has been announced “will not be enough” to cover Ukraine’s needs, “even in the short term”.

The Secretary of the Treasury indicated that the President of the United States, Joe Biden, requested from Congress an economic endowment of 1,000 million dollars for humanitarian, economic and security aid and has expressed the will of the North American administration to economically isolate Russia.

Source: dpa

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The second wave of the Covid-19 pandemic has left a deep mark in Chile. However, according to data provided by the Central Bank recently, during the second quarter of the year the country’s Gross Domestic Product (GDP) showed a slight growth of 1 %.

Seasonal data shows the activation of commercial activity and key sectors in Chile such as mining. One of the main factors that has driven this growth dynamic was the increase in domestic demand between the months of March and June of this year.

According to the reports, domestic demand was 31.7 % year-on-year and 1.6 % compared to the first quarter, “mainly due to household consumption, driven by economic support measures and the withdrawal of pension funds.”

Additionally, mining showed a year-on-year growth of 2.8 % and copper activity showed positive signs supported by the opening of a new processing plant and better laws that regulate the activity.

Regarding the GDP growth projections for this year, in June the Central Bank of Chile indicated that they could be between 8.5 and 9.5 %, an estimate that coincides with that estimated by the Economic Commission for Latin America and the Caribbean (ECLAC), located at 8 %.

M.Pino

With information from national and international media

La entrada Chile’s GDP registered 1 % growth in the second quarter of 2021 apareció primero en Bitfinance.