    [Public Papers of the Presidents of the United States: William J. Clinton (1998, Book I)]
    [May 31, 1998]
    [Page 855]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Support for Russian Reform
    May 31, 1998

        On Friday, I welcomed Russia's new economic program for 1998 and
    encouraged strong IMF and World Bank engagement in support of reform.
    Implementation of this program will strengthen the fundamentals of the
    Russian economy and foster maintenance of a stable ruble. Following my
    conversation with President Yeltsin last week,
    we directed our officials to consult on the Russian economic and
    financial situation. The United States endorses additional conditional
    financial support from the international financial institutions, as
    necessary, to promote stability, structural reforms, and growth in
    Russia.