BELARUS NEWS AND ANALYSIS

DATE:

23/10/2008

IMF mission to visit Belarus to discuss loan terms

A mission of the International Monetary Fund will stay in Belarus from October 27 to November 6 to negotiate the loan terms with the authorities of the Republic of Belarus, BelTA learnt from the IMF Office in Belarus.

The mission will be headed by Neven Mates, head of the IMF Office in Belarus.

Mr. Dominique Strauss-Kahn, IMF Managing Director, issued a statement in response to the request from the Republic of Belarus to provide financial assistance. The amount of the financing under a Stand-By Arrangement has yet to be determined.

The Government and the National Bank have sent a standard request for $2 billion in a stand-by arrangement for replenishing gold and forex reserves. The Republic of Belarus joined the IMF in 1992.

Source:

http://capital.trendaz.com/index.shtml?show=news&newsid=1327604&lang=EN

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