Late last year, it promoted the idea of a regional stabilization fund for cash-strapped nations.
Below that, though, the budget surplus diminishes, the conflict over the stabilization fund grows, and the potential for a budgetary strain and liquidity squeeze increases.
I'd point you to Treasury for specifics on the stabilization fund.
Gazprom has been rumored for more than a year to have wanted to buy Centrica, Britain's biggest utility, and the financing would likely come from the Stabilization Fund.
Creation of a ruble stabilization fund which would permit Moscow center to gain access to Western hard currencies simply by printing and converting worthless rubles, with few, if any, of the necessary preconditions in place.
Gazprom has been rumored for more than a year to have wanted to buy Centrica (other-otc: CPYYY - news - people ), Britain's biggest utility, and the financing would likely come from the Stabilization Fund.
And we included four assurances from the beginning in our state fiscal stabilization fund all the way through the Race to the Top dollars and the innovation and school improvement grant dollars that we're starting to put in place going forward.
Chris Weafer, chief strategist at Alfa Bank, observes that the Kremlin is divided between the statists, who want to funnel the state oil revenue in the nation's stabilization fund to various national champions, Gazprom among them, and the liberals, who want to save the revenue for pension funds and future generations, putting it back into the banking system.
The view of another senior Treasury official, Under Secretary David Mulford, (expressed on the record at the London Economic Summit) to the effect that a currency stabilization fund for the Soviet Union would not be possible for at least 2-3 years a period of sufficient duration to permit structural reforms to precede ruble convertibility, will probably go by the boards within 6-9 months.
The view of another senior Treasury official, Under Secretary David Mulford, (expressed on the record at the London Economic Summit) to the effect that a currency stabilization fund for the Soviet Union would not be possible for at least 2-3 years -- a period of sufficient duration to permit structural reforms to precede ruble convertibility, will probably go by the boards within 6-9 months.
At the World Economic Forum in the Dead Sea last week, it was evident that momentum is building, albeit very late, on public private partnerships, micro financing for small businesses and calls for an Arab Stabilization Plan to fund major infrastructure projects.
If we want to prevent more situations like Syria, we must work closely with Congress to protect or increase funding for the State Department's Conflict Stabilization Operations and the Complex Crises Fund, international organizations, transition initiatives, and programs focused on access to justice, governance and security reform, human rights and social inclusion.
In 1989 the country adopted an economic stabilization program drawn up in consultation with the International Monetary Fund.
At the same time, serious consideration should be given to creation of a Contingency Energy Fund (CEF) that could be drawn upon (like the emergency currency stabilization package and food aid being offered by Western nations).
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