The United States originally firmly opposed both Soviet membership and borrowing privileges in the newly-created EBRD.
Neither that nor his PhD in economics were enough to qualify him for the EBRD job.
EBRD's money and advice, Mr Kuchma promised still more subsidies and credits for the country's beleaguered farmers.
EBRD, however, is under pressure from its western sponsors to ensure that Ukraine agrees to the eventual closure of Chernobyl.
EBRD's bankers prefer swinging Budapest, pretty Ljubljana or scenic Prague to the more austere delights of Dushanbe (in Tajikistan) or Ashgabat (Turkmenistan).
According to the FT, since the EBRD's inception two years ago, it has spent some 200 million on overhead and start-up costs.
But Russia is not a big market, cautions the EBRD economist.
His main competition for the IMF post was thought to be Frenchman Jean Lemierre, who is head of the European Bank for Reconstruction and Development (EBRD).
Unfortunately, with the imminent creation of the European Bank for Reconstruction and Development (EBRD), the prospect of large-scale international lending to the Soviet Union is looming.
CENTERFORSECURITYPOLICY: Center Applauds Bush Opposition On Loans To Moscow
The EBRD's job is to aid the countries of Eastern Europe and the former Soviet Union with the transition to a market economy by encouraging private investment.
In addition, the EC ministers have made it clear that they are determined to dispense with the current borrowing restrictions placed on the Soviet Union within the EBRD.
EBRD, this opening session was transmitted live on local television.
In its transition report, the EBRD said that economic growth was steady in the region - but warned that reforms like privatisation and budget restraint were under threat in Hungary, Poland and Slovakia.
On 6 April, AFL-CIO President Lane Kirkland in a letter to Secretary of State James Baker expressed strong opposition to Soviet membership in and borrowing privileges with the European Bank for Reconstruction and Development (EBRD).
Drawing support from the European Commission, the Union for the Mediterranean, the European Bank for Reconstruction and Development (EBRD), the effort is intended to help fund pilot projects across the region that work towards the Mediterranean Solar Plan adopted in 2008.
FORBES: Europe Works To Preserve Mediterranean Green Promise
An op.ed. by Center Board Member Roger W. Robinson, Jr. which appeared in last Friday's Wall Street Journal (a copy of which is attached) revealed that the Soviet Union intends to use the EBRD to obtain Western funds for itself.
CENTERFORSECURITYPOLICY: Center Applauds Bush Opposition On Loans To Moscow
This comprehensive analysis of Soviet economic prospects and how the West might best support putative efforts toward systemic reform in the USSR has been jointly conducted by the International Monetary Fund, the World Bank, the Organization for Economic Cooperation and Development and the newly established European Bank for Reconstruction and Development (EBRD).
Unfortunately, despite these well-founded concerns, the United States agreed with its allies on Monday in Paris to join 41 other nations, including the Soviet Union, in the creation of the EBRD on very different terms than those called for by the AFL-CIO, the Center for Security Policy and leading members of Congress, such as Senator Robert Kasten (R-WI).
Having said this, the Congress should expect to witness substantial enthusiasm on the part of the Bush Administration and other G-7 leaders to off-load this emerging financial nightmare from bilateral arrangements onto the shoulders of multilateral financial institutions such as the IMF, the World Bank, the European Bank for Reconstruction and Development (EBRD), the BIS and even the Asian Development Bank.
应用推荐