On the recordJanuary 10, 1994
Well, what they talked about today was--first of all, we have quite a large plan. We've got to dislodge some of the money that we've committed that was tied up in the international institutions. They all believe that we needed a combination of two things: We need to try to speed up the privatization, because in the end that was the real guarantor of reform--and Russia has done a phenomenal job of privatizing industries, thousands just in the last year--and secondly, that we needed some sort of social support network, an unemployment system, a retraining system, a system to train people to manage and operate businesses and banks that will enable people to deal with the dislocations that are coming. And that's basically what we talked about.
Source
govinfo.gov




