Russia Hails Cooperation with Wolfowitz, World Bank

Published: 25 October 2005 y., Tuesday

Despite Russia's opposition to the U.S. invasion of Iraq, former U.S. Deputy Defense Secretary Paul Wolfowitz was warmly received in Moscow Thursday in his current capacity as president of the World Bank.

Russian President Vladimir Putin thanked the World Bank's chief for "very productive" cooperation and told Wolfowitz that the countries of the former Soviet Union still need "special attention" from the international community.

"I really hope with your arrival, the positive dynamics of relations with the World Bank we have seen in recent years will not lose any of its momentum," Putin said in televised remarks.
Putin also made reference to the World Bank's programs to help poor countries. "I would like to draw your attention to efforts undertaken by Russia to support the countries of the Commonwealth of Independent States, which also need special attention from the international community," he said.

This was Wolfowitz's first trip to Russia since he took over as head of the Washington-based bank in June. He last came to Moscow as President Bush's deputy defense secretary. The Kremlin, a vocal opponent of the war against Saddam Hussein, appeared willing to forget its past disagreements with Wolfowitz.

He urged Russia to push ahead with institutional reforms and to fight corruption. Wolfowitz also said he intended to help Russia prepare for the next meeting of the Group of Eight industrial nations.

Šaltinis: crosswalk.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Many countries, one market

New rules for the EU's single market will make it easier to live and do business anywhere in Europe. more »

EU budget review – MEPs welcome new ideas but miss real revision

MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday. more »

The European Commission grants € 9.5 million to support the electoral process in the Central African Republic

On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic. more »

Crisis management in the banking sector

New EU framework for crisis management in the financial sector for managing problems before they spiral out of control. more »

Out of the crisis and towards European economic governance

The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday. more »

1 181 former workers of Heidelberger Druckmaschinen AG to get help worth €8.3 million from EU Globalisation Fund

The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF). more »

Taxing the financial sector

Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis. more »

EIB and African Development Bank finance first large-scale wind farm in Africa

The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago. more »

2011 budget - MEPs make room for new policy priorities

MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing. more »

Globalisation Fund: Budgets Committee backs aid to Portugal, the Netherlands, Spain and Denmark

The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies. more »