But will it help?
Article Abstract:
There are drawbacks in providing food aid for Russia, despite the difficulties faced by Russians in northern areas, and the high prices and shortages of imported food. The problem of food supplies in Russia is related to distribution rather than food shortages, and asylums, prisons and orphanages are not being looked after by the state. Aid is to be distributed mainly by state-controlled bodies, with little effort to monitor how food aid will be used. There are also shortages of medical supplies which have not been addressed. Food aid appears to benefit the farming lobby in the US and Europe.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Western man's burden
Article Abstract:
Foreigners are increasingly involved in Russian affairs. US funds are helping to keep the nuclear industry safe, and the European Union is also contributing, as are some individual European countries such as Finland and Norway. Foreign health professionals are seeking to control infections, foreign police are seeking to tackle corruption, and George Soros has contributed to the educational system. The small state budget means that children face school with no food or heating and teachers may be unpaid, while epidemics of AIDS and TB have become a problem.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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To the rescue
Article Abstract:
The International Monetary Fund (IMF) has agreed to provide $11.2 billion in additional financing for Russia. Of this, $5.6 billion will be made available almost immediately. Russia should have received $17 billion in new funding from Japan, the World Bank and the IMF by the end of 1999. Anatoly Chubais, Russia's main negotiator with the World Bank and the IMF, has also stated that holders of Russian treasury bills will be invited to convert them into dollar-denominated Eurobonds, the spread of which will be set at auction.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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