IMF Lend Georgia $750 Million
Wednesday, September 03, 2008 -
FreeMarketNews.com
When Russia sent troops into Georgia last month, the West balked at joining the fight. But now that the shooting has ended, Western nations are mobilizing to thwart a key Russian war aim: regime change in Tbilisi. Their weapon is cash. The International Monetary Fund is set to reach a preliminary deal this week that will throw the former Soviet republic a $750 million credit line, according to officials close to the negotiations. Both the U.S. and Europe are also working on big assistance packages that Georgia hopes will provide $2 billion or more.
When Russia sent troops into Georgia last month, the West balked at joining the fight. But now that the shooting has ended, Western nations are mobilizing to thwart a key Russian war aim: regime change in Tbilisi. Their weapon is cash. The International Monetary Fund is set to reach a preliminary deal this week that will throw the former Soviet republic a $750 million credit line, according to officials close to the negotiations. Both the U.S. and Europe are also working on big assistance packages that Georgia hopes will provide $2 billion or more.
No comments:
Post a Comment