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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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time
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100989
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10098900.023
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1990-09-18
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WORLD, Page 57World NotesEAST-WESTCashing In On Promises
Though many Western leaders have generously praised the reforms
taking place in Poland and Hungary, they have been relatively
stingy in offering any material encouragement. Now, however, the
words may be matched by an ample infusion of cash. Last week the
European Community proposed that 24 non-Communist industrialized
countries, including its own twelve members, send $648 million in
aid to Warsaw and Budapest next year.
That figure is in addition to the $252 million in food and
economic assistance to both countries pledged earlier by President
George Bush. Last week, addressing the annual meeting of the
International Monetary Fund in Washington, Bush declared that "we
must do more." In the case of Poland, the Administration is
planning to increase its assistance program. Though the White House
offered few details about what it called a "new package of support"
for Poland, aides hinted that a half-billion dollars' worth of
credits and loans would be announced this week. Officials said it
would be channeled through agencies, like the IMF, that monitor its
effects on the recipient's economy.