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World Bank OKs Aid to Soviet Industry

<i> Associated Press</i>

The World Bank on Tuesday approved spending $30 million on technical assistance to help Soviet industry, spokesman Peter Riddleberger said.

Riddleberger said the money will go to improve Soviet banks and help in other ways to move the Soviet economy into a market system.

The aid, the first concrete assistance to the Soviets from the World Bank, could be a step toward the eventual membership sought by Soviet President Mikhail S. Gorbachev in the bank and its sister organization, the International Monetary Fund.


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