Home » Business » United States Provides $60 Million Loan to Support Poland’s Defense Modernization Efforts Amidst Rising Security Concerns

United States Provides $60 Million Loan to Support Poland’s Defense Modernization Efforts Amidst Rising Security Concerns

“Poland is a loyal ally of the United States, and Poland’s security is critical to the collective defense of NATO’s eastern flank,” it said. The US government is providing up to $60 million to cover the cost of the loan. This will help accelerate the modernization of Poland’s defense by supporting military procurement from the United States.

In view of the war in neighboring Ukraine and the threat from Russia, Poland is working to arm its own military. This year, the EU and NATO country wants to spend four percent of its economic output on defense – NATO had set a goal of two percent in peacetime. To modernize its army and air force, Poland has concluded billion-dollar deals with the USA and South Korea.

2023-09-25 19:40:43
#Poland #billion #loan #modernize #military

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