NEWS
December 13, 1991 | DOYLE McMANUS, TIMES STAFF WRITER
Secretary of State James A. Baker III called on Americans and their allies Thursday to join in a coordinated effort to help the newly independent Soviet republics become prosperous, Western-style democracies and announced that President Bush will summon foreign officials to Washington next month to launch the drive. In a major speech at Princeton University, Baker also cut the Bush Administration loose from its once-close tie to Soviet President Mikhail S.
BUSINESS
December 3, 1991 | From Times Staff and Wire Reports
U.N. Says East Bloc Marshall Plan Needed: United Nations economists forecast growing social unrest next year in the Soviet Union and the former East Bloc, with depression and unemployment pressuring governments to abandon economic reform. The U.N.'s Economic Commission for Europe argued that a Marshall Plan type of coordinated Western assistance could put the region on the road to recovery and political stability.
BUSINESS
October 22, 1991 | KAREN TUMULTY, TIMES STAFF WRITER
The United States and its principal Western allies are considering a combination of temporary debt-relief measures for the Soviet Union, including both a deferral of principal payments and a "bridge" loan, Treasury Undersecretary David Mulford told a Senate panel Monday. Some analysts have estimated that, with a significant part of their $70-billion debt coming due in the next few months, the Soviets could be facing a shortfall of more than $5 billion.
NEWS
October 18, 1991 | Associated Press
The World Bank pledged Thursday to help the Soviet Union overcome its massive economic problems, despite concerns that such aid would divert resources from struggling Third World nations. World Bank President Lewis T. Preston said that aid to Moscow will not place an undue strain on the bank, which annually approves about $16 billion in loans and also dispenses economic expertise.
BUSINESS
October 15, 1991 | KAREN TUMULTY, TIMES STAFF WRITER
The Soviet Union, reflecting the continuing rapid deterioration of its economy, has asked Western governments to commit as much as $20 billion to assuring the stability of the ruble--about double the amount it sought as recently as July. The figure was presented over the weekend here in unprecedented meetings between the Soviet Union's chief economic policy-makers and those of the world's largest industrial countries, known as the Group of Seven.
BUSINESS
October 14, 1991 | ELIZABETH LU, SPECIAL TO THE TIMES
Just when it seems that Indochina is within grasp of winning the international financial aid it so desperately seeks, a powerful competitor comes along and grabs all the attention from lenders. As the World Bank-International Monetary Fund (IMF) annual meeting begins here Tuesday, countries such as Vietnam and Cambodia find themselves vying for attention and dollars against the Soviet Union, which managed to obtain associate IMF membership last week.