BELARUS NEWS AND ANALYSIS

DATE:

17/10/2007

Russia may lend $650 mln to Belarus in '07

Reuters

MINSK, Oct 17 - Russia may provide ex-Soviet neighbour Belarus with a $650 million stabilisation loan to help it cover its budget deficit in 2007, the Russian ambassador in Belarus said on Wednesday.

"The tranche will be almost equal to the deficit for this year," ambassador Alexander Surikov told reporters.

Belarus is expected to run a budget deficit of around $650 million in 2007.

Surikov also said that Belarus might receive a similar loan in 2008. He said the size of the loan would depend on the size of the Belarus budget deficit in 2007-2008.

Source:

http://sg.news.yahoo.com/rtrs/20071017/tbs-russia-belarus-loan-7318940.html

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