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Russia: Wolfensohn Says Russia No Longer Needs Big Loans

Moscow, 6 April 2002 (RFE/RL) -- The president of the World Bank, James Wolfensohn, is quoted today as saying Russia no longer needs big international loans to develop economically. In an interview with the Russian daily "Izvestiya," Wolfensohn said there is no current need for large-scale support for Russia from the World Bank.

Russian President Vladimir Putin has been wary of large loans, but said after meeting with Wolfensohn last week that Russia would continue to cooperate with the World Bank on smaller projects.

Wolfensohn is currently on a week-long swing through Central Asia.