Georgia's interim president has warned the country stands on the brink of "economic collapse" after the ouster of Eduard Shevardnadze
Published:
29 November 2003 y., Saturday
Georgia's interim president has warned the country stands on the brink of "economic collapse" after the ouster of Eduard Shevardnadze and says drastic steps have to be taken to reverse the situation.
Acting President Nino Burdzhanadze told top officials in a televised broadcast that the legacy of economic decline left by the discredited Shevardnadze administration was "even worse than we thought".
"The situation is very difficult. Yesterday's data shows that we are facing economic collapse," she said, adding the situation called for radical measures.
She gave no specific details beyond urging state enterprises to work at full capacity. But her warning clearly prefaced fresh appeals to the West to help her impoverished former Soviet country where the average monthly income is about $40 (24 pounds).
Georgia has fallen out with the International Monetary Fund which refused to lend it money under a poverty reduction programme until the Shevardnadze government dealt with mass corruption and tax evasion.
Šaltinis:
news.ft.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »