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

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).

BBC: NEWS | Business | Rato confirmed in IMF's top job