IMF says Soviet aid likely wasted due to systemic collapse
An IMF World Bank study concludes Western aid would not reach targets because the Soviet economy is structurally unsound and unable to absorb aid. It urges extensive technical assistance to reform institutions, central banking, currency, and trade policies, with conditions tied to stabilization measures.
MENTIONED IN THIS ARTICLE
Washington
Iya Prizel
Johns Hopkins School For Advanced International Studies
International Monetary Fund
World Bank
Gorbachev
Sulla aUwag
Setsee
Soviet Union
John Hardt
Library of Congress
Tracous
Mr. Gorbachev
IMF
Gorbachev faces call to quit amid unrest in Moscow
In a tense Congress of People's Deputies session Gorbachev ignored a demand for resignation citing devastation and hunger. He backed a nationwide referendum on a federative union while allowing secessionist republics to pursue their own referenda with delays. Baltic states already claim independence as unrest grows.
MENTIONED IN THIS ARTICLE
Moscow
Mikhail S. Gorbachev
Congress of People’s Deputies
Gorbachev
Kremlin
Congress
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