Yavlinsky has been in the United States for the past week working on a new Soviet rescue plan with a group of Harvard University economists, with the encouragement of Soviet President Mikhail S. Gorbachev. We have to promote it with all the resources we have. Russia and the Soviet Union each would buy 42.5 percent of the food corporation's stock, paying for their shares with 10-year notes. The other 15 percent would be owned by Chalk's Intra-National Privatization Fund, which later would sell its interest to unnamed foreign investors. The Commodity Credit Corp., part of the Agriculture Department, guarantees food loans by the U.S. government to foreign nations.
Any defaults are losses to U.S. taxpayers.
Bush, however, is likely to grant the new credits, Senate Republican Leader Bob Dole has said. The Center's publications are intended to invigorate and enrich the debate on foreign policy and defense issues. The views expressed do not necessarily reflect those of all members of the Center's Board of Advisors.