G-8 PR study:
Your right Mick interpretation is key so I will slow it down and analyze it a little.
Here is the post:
MOSCOW (AP) -- Russian President Vladimir Putin on Monday said the poorest former Soviet republics should be included in a debt forgiveness package that was agreed at last year's summit of the leaders of the world's richest nations.
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Here I interpret this as Putin is pining for peace with his neighboring nations by speaking for them ( with the loudest voice in the area ) as to relieving their debt burdens which is often the underlying source of tension. Not sure what advertisement means ( could suggest that it is not proven yet).
"We agreed from the start that we have very serious problems that are analogous with those of African countries, connected to education, the fight against infectious diseases, and with poverty," Putin was quoted by Russian news agencies as saying.
This paragraph emphasizes world commonality of problems and specific needs analagous to the worst of problem areas in the world helping him indicate that there are areas in his jurisdiction that are equal in need to others in the world.
again IMOP.
"We must ... reach an agreement with our partners that a significant part of the funds intended for aid to the poorest countries to go to support our neighbors in the post-Soviet space," Putin said.
The neighboring and surrounding territories are probably the most in need of this government aid is what he seems to be indicating.
Finance Minister Alexei Kudrin noted that the poverty-wracked Central Asian nation of Tajikistan had already been included in the list of countries whose debts to the World Bank and the IMF would be waived.
Probably indicating a specific area here.
The comments came after finance ministers from the Group of 8 convened in Moscow on Saturday for talks focussing on the effects of high oil prices on the global economy as well as efforts to implement a $37 billion debt write-off brokered at the Gleneagles summit last year.
Mentioning both an oil crunch and this debt payoff may suggest that weighting of the payouts must be done carefully in case things get worse for Putins home country and areas.
In a statement Saturday, the World Bank said it was on track to complete "technical work" to begin the so-called Multilateral Debt Relief Initiative by midyear.
Beginnings of actual goal setting necessary for such a big project.
Under the agreement, World Bank shareholders agreed to write off 100 percent of debts owed by 28 countries, as well as agreeing to replenish the World Bank's trust fund for poor countries to make up the $14 billion cost.
If they can afford this, it would be incredibly significant in relieving hopeful psychology. Just look at the average citizen and self esteem when in debt versus paid off its human nature to be relieved and stronger from that.
The International Monetary Fund, owed a smaller share of the debt, began writing off debts at the end of 2005.
Keen to flex its new-found financial muscle, oil-rich Russia announced ahead of the Saturday meeting that it would write off $688 million of debts owed by 16 African countries, as well as pay down a further $12 billion in Soviet-era debts to the Paris Club of rich nations.
Very significant, the oil price gains in Russia must have helped so lets hope they use it wisely.
If there was anything bad in these statements that I could see I definately would not be affraid to mention them.
