Ukraine: Globalists Hijack Crisis for More Money, Power for IMF

By:  William F. Jasper
Ukraine: Globalists Hijack Crisis for More Money, Power for IMF

The U.S. Senate aid package to Ukraine includes a massive funding boost to the International Monetary Fund (IMF), but House leaders say "keep IMF out" of the package.

There already are enough controversial issues involved in the Ukraine-Russia crisis that make any U.S. involvement in the matter questionable at best. And, as we have reported, multiple polls consistently have shown that Americans do not support further U.S. entanglement in the imbroglio. 

But the U.S. Senate Foreign Relations Committee has approved legislation that not only supports the $1 billion aid package to Ukraine pledged by President Obama, but also hijacks the Ukraine crisis to sneak in “reforms” to the International Monetary Fund (IMF) backed by the Obama administration that would double U.S. funding for the institution and promote the longstanding globalist agenda to “supersize” the IMF’s powers. The bill, S. 2124, sponsored by Sen. Robert Menendez (D-N.J.), has a snappy title: Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014.

The House of Representatives, however, is resisting (so far) inclusion of the IMF in the aid bill. reported on Friday, March 21: 

A House bill introduced Friday imposing sanctions on Russia and providing economic aid to Ukraine would closely mirror legislation up for consideration in the Senate next week — but without language sought by the White House that would open the spigots for International Monetary Fund loans.

Like the Senate bill, it would authorize direct loan guarantees for Ukraine and impose sanctions against officials in Russian President Vladimir Putin’s government tied to the crisis.

Speaker John Boehner (R-Ohio) has all but put the kibosh on bringing legislation to the floor including IMF language. 

The House bill (H.R. 4278, Ukraine Support Act: To support the independence, sovereignty, and territorial integrity of Ukraine, and for other purposes) is scheduled for committee mark-up on Tuesday, March 25.

The principal GOP promoter of the IMF package is Senator Bob Corker (R-Tenn.), the ranking Senate Foreign Relations Committee member. On March 12, Sen. Corker issued a press statement promoting the Obama/Menendez bill for the Ukraine-IMF. It included these excerpts: 

This bill cements more fully 60 years of U.S. national interests to ensure Europe remains democratic, whole and free. I believe we’re at a defining moment right now, where our friends and allies are watching to see if we’re going to do those things that are appropriate to protect Ukraine’s sovereignty, and I think this bill absolutely meets that test.

The bill also implements reforms regarding U.S. participation in the International Monetary Fund that will help facilitate financial support for Ukraine without increasing U.S. financial commitments at the IMF:

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