BELARUS NEWS AND ANALYSIS

DATE:

22/10/2008

IMF says to start loan talks with Belarus shortly

WASHINGTON, Oct 22 (Reuters) - Talks on an International Monetary Fund-backed loan program for Belarus will start within the next few days, the head of the IMF said on Wednesday, adding to the string of countries seeking the fund's help as the crisis spreads to emerging economies.

"The global financial crisis has adversely affected the Belarus economy and its access to external finance," IMF Managing Director Dominique Strauss-Kahn said in a statement. "At the same time, changing conditions in trade have negatively affected the country's balance of payments," he added.

"The amount of fund financing under a stand-by arrangement has yet to be determined," he added. (Reporting by Lesley Wroughton, editing by Leslie Gevirtz)

Source:

http://www.reuters.com/article/marketsNews/idUSN2240416520081022

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