In spite of Russia’s promise of a $2-billion credit, the Belarusian National Bank has asked the International Monetary Fund for a loan in the same amount.
An International Monetary Fund mission is to visit Belarus from October 27 to November 6 to examine the country's request for a credit, the Fund's office in Minsk said on Thursday. The office gave no further details of the mission, announced within hours of Belarus's acknowledgement on Wednesday that it was seeking the loan. IMF Managing Director Dominique Strauss-Kahn had announced the imminent dispatch of the mission in a statement issued in Washington on Wednesday.
“The Belarusian economy and its access to external finance,'' have been hurt by the credit squeeze, IMF Managing Director Dominique Strauss-Kahn said in the statement. ``At the same time, changing conditions in trade have negatively affected the country's balance of payments. A Fund mission will begin discussions with the authorities in the next few days.''
President Alexander Lukashenko is more willing to balance ties to Russia and closer relations with the European Union and the U.S.
Read more: News < Economics < News < BelarusToday
An International Monetary Fund mission is to visit Belarus from October 27 to November 6 to examine the country's request for a credit, the Fund's office in Minsk said on Thursday. The office gave no further details of the mission, announced within hours of Belarus's acknowledgement on Wednesday that it was seeking the loan. IMF Managing Director Dominique Strauss-Kahn had announced the imminent dispatch of the mission in a statement issued in Washington on Wednesday.
“The Belarusian economy and its access to external finance,'' have been hurt by the credit squeeze, IMF Managing Director Dominique Strauss-Kahn said in the statement. ``At the same time, changing conditions in trade have negatively affected the country's balance of payments. A Fund mission will begin discussions with the authorities in the next few days.''
President Alexander Lukashenko is more willing to balance ties to Russia and closer relations with the European Union and the U.S.
Read more: News < Economics < News < BelarusToday
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