BELARUS NEWS AND ANALYSIS

DATE:

23/10/2008

IMF mission to visit Belarus next week

MINSK, Oct 23 (Reuters) - An International Monetary Fund mission is to visit Belarus from Oct. 27 to Nov. 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.

He said the world financial crisis has affected the Belarussian economy and its access to external finance. The amount of funding, he added, still had to be determined.

News reports say $2 billion of lending was being sought.

The ex-Soviet state is the latest in a string of countries to seek IMF help as emerging markets are hammered by growing fears that the world economy is heading for a deep recession.

In recent weeks Hungary, Iceland, Ukraine and Serbia have turned to the IMF to help stabilise their economies. (Reporting by Andrei Makhovsky; editing by David Stamp)

Source:

http://www.guardian.co.uk/business/feedarticle/7911921

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