Bush Announces $1 Billion in Aid for Georgia

The Associated Press:
President Bush said Wednesday the U.S. will send an extra $1 billion to Georgia to help the pro-Western former Soviet republic in the wake of Russia's invasion. "Georgia has a strong economic foundation and leaders with an impressive record of reform," Bush said in a statement. "Our additional economic assistance will help the people of Georgia recover from the assault on their country, and continue to build a prosperous and competitive economy."

Related:
Georgia's Influence Peddlers in Washington
By Wayne Madsen / Online Journal:
A little-known Georgia lobbying network in Washington, DC, is working together with faux progressive guru George Soros and John McCain foreign policy adviser/Georgia uber-lobbyist Randy Scheunemann to prop up Georgia as a NATO client state and engineer a renewed Cold War with Russia, with U.S. defense contractors poised to rake in even more obscene profits.

IMF Loans Georgia $750 Million
By Andrew Higgins / The Wall Street Journal:
When Russia sent troops into Georgia last month, the West balked at joining the fight. But now that the shooting has ended, Western nations are mobilizing to thwart a key Russian war aim: regime change in Tbilisi. Their weapon is cash. The International Monetary Fund is set to reach a preliminary deal this week that will throw the former Soviet republic a $750 million credit line, according to officials close to the negotiations. Both the U.S. and Europe are also working on big assistance packages that Georgia hopes will provide $2 billion or more.

Russia Sends Cash, Builders to S. Ossetia
The Associated Press:
TSKHINVALI, Georgia - Russia has sent hundreds of workers to rebuild this shattered rebel capital just weeks after its military routed Georgian forces here, and has promised cash payments for every South Ossetian -- the latest in efforts to shore up its alliance with the breakaway Georgian province. Moscow is matching in South Ossetia what the U.S. and its allies are doing in Georgia, pouring in aid to support its ally along the new confrontation line that has grown up between Russia and the West.

Posted by Editor at September 4, 2008 01:58 AM