THE WHITE HOUSE
Office of the Press Secretary
STATEMENT BY THE PRESIDENT
Additional IMF Financing for Russia
I welcome the announcement this morning by Michel Camdessus, Managing Director of the International Monetary Fund, that he will recommend a new financing program for Russia to the Fund's Executive Board. This new program of Russian policy commitments and international financial support can provide a sound basis for increased stability and confidence. Strong implementation by the Russian Government of these important reform measures is essential. I continue to believe that a partnership with a stable, democratic and prosperous Russia is a vital U.S. national interest.
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