The dramatic return to power yesterday of Soviet President Mikhail Gorbachev means a plan to bring public finance to the Soviet Union will proceed "full steam ahead," according to officials involved in the effort.

"As long as the constitutionally elected government is in charge, we're going to go forward," said Jeffrey Sachs, president of EcoLink Inc., a company he founded last year to introduce American-style municipal bonds to the Soviet Union. "I think the Soviet Union is on much stronger ground now."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.