Word: gaidar
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Dates: during 1992-1992
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...most Thursdays, President (and Prime Minister) Yeltsin takes his place at the head of the table. The chair on his left is reserved for Vice President Alexander Rutskoi. Gennadi Burbulis, Yeltsin's top political strategist, and First Deputy Prime Minister Yegor Gaidar, the point man of Russia's economic reforms, sit on the right. The old Politburo table had to be lengthened to seat the 35 ministers in the government and 30 state-committee chairmen. Most of Yeltsin's staff must scramble for chairs along the walls...
...however, the team's record has been spotty. Gaidar's shock-therapy program has yielded mixed results: the decision to end most price controls has brought goods back to stores, but at a cost Russians can scarcely afford. Yeltsin insists he does not want to serve a second five-year term and will devote all his energy to keeping the reforms on course. But as tensions build across Russia over unpaid wages and benefits, the government has had to water down its tough fiscal policy and pump more money into circulation. Gaidar expects the amount of cash coming off government...
...Russian President shrewdly moved to mute criticism of his reform government by expanding its ranks to include Vladimir Shumeiko, a deputy speaker of the rebellious Russian parliament with ties to the military- industrial complex, as a new First Deputy Prime Minister alongside Gaidar. He also increased the number of Deputy Prime Ministers from six to 10, mixing strong advocates of reform with pragmatic technocrats. Says Yeltsin: "The possibility for a compromise has been exhausted with these appointments. There will be no more personnel changes...
...money, however, will not come without strings. In return for the funds, the IMF has called on the republics to institute major economic reforms. Yegor T. Gaidar, Russia's Deputy Prime Minister and chief economic representative, said recognition by the world economic bodies will help speed his country's transition to a market economy. Back home, however, President Boris Yeltsin was trying to assuage fears that Russia is giving up much of its economic independence. "We don't fully agree with the opinions of the IMF," he said, "and we will defend our point of view...
...past attacked his party for its support of the IMF. Congress would approve this contribution, Obey said, only if President Bush were to "state to the country in a very public way why these actions are necessary." But Brady also repeated the consistent U.S. rejection of Gaidar's call for the $5 billion fund to support the ruble, arguing that the Russian economy is still too shaken by inflation and unsecured credit to fix a firm value on the currency...