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Businessweek Archives

The Soviets

Washington Outlook: CAPITAL WRAPUP


The Bush Administration remains a very reluctant supplier of economic aid to the Soviet Union, but the White House has found one assistance scheme it likes. At the July economic summit in London, President Bush plans to push the allies to grant Moscow associate status in both the World Bank and the International Monetary Fund. The plan, which was put on the back burner after last winter's crackdown in Lithuania, would give the Soviets access to the international institutions' technical expertise. But the price of admission would be follow-through on the agreement between Soviet President Mikhail Gorbachev and Russian Republic leader Boris N. Yeltsin to work together to back free-market pricing in the Soviet economy.

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