The UN refugee agency, UNHCR, is planning to reduce its 2027 budget by 16% to $7.14 billion and lower its budgeted workforce by around 3,500 posts, according to documents reviewed by Reuters. The cuts come as the agency faces continued financial pressure from declining foreign aid contributions. UNHCR said the scale of the planned workforce […]
The International Monetary Fund (IMF) welcomed the European Union’s decision to lend €90 billion ($105 billion) to Ukraine over the next two years, calling it a key step toward closing financing gaps and restoring debt sustainability. The EU opted to borrow funds for this loan rather than use frozen Russian assets, providing crucial support to […]

