Oil Money Seems To Cure Most Ills...But The Lack Of U.S. Aid Still Stings

The governor of the National Bank of Azerbaijan was discussing the move to a market economy. Amid references to falling industrial output and the new law allowing land ownership, he noted the small matter of $10 million in international aid that had vanished. His one-man audience interrupted. "What do you mean, you don't know where the money went?" growled Heydar A. Aliyev, the 75-year-old President of the oil-rich republic. "I demand that a commission of investigation be established and that we get to the bottom of this at once!" The bank chief, visibly quaking, pledged to obey.

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