BELARUS NEWS AND ANALYSIS

DATE:

19/01/2009

Communique

The Delegation of the European Commission to Belarus welcomes the IMF Executive Board approval of a US$2.46 Billion Stand-By Arrangement for Belarus.

The main objectives of the IMF-supported program are to facilitate an orderly adjustment to external shocks and to address pressing vulnerabilities. To this end, the program contains strong macroeconomic adjustment measures and addresses a number of structural issues that are critical to the adjustment and mitigation of those vulnerabilities.

The Delegation of the European Commission considers of particular importance for the future sustainable development of the Belarusian economy and of its integration into the world's and European economies the measures related to the liberalisation of the domestic economy and to the increase of the role of private sector.

Source:

http://www.delblr.ec.europa.eu/page2328.html?id=6054

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