Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

US Extends $2 Billion Loan to Poland for Defense Advancements

Mon 25 Sep 2023 | 07:40 PM
Israa Farhan

In a significant development, the United States has committed to providing Poland with a $2 billion loan to bolster its ongoing defense modernization efforts.

The US State Department, in a recent announcement, detailed the financial support, signifying a significant stride in international relations.

The State Department issued a press release, stating, "Today, the United States is proud to announce the signing of a milestone $2 billion Foreign Military Financing (FMF) direct loan agreement to support Poland’s defense modernization."

Under this agreement, the Biden administration is allocating up to $60 million in FMF to offset the expenses associated with the loan.

This financial injection aims to expedite Poland's critical military procurements of defense equipment and services from the US, marking a pivotal step in strengthening Poland's national security infrastructure.