BELARUS NEWS AND ANALYSIS

DATE:

28/08/2009

IMF Urges Belarus to Sell Assets, Raise Prices as Economy Slumps

By Paul Abelsky

Aug. 28 (Bloomberg) -- Belarus, conduit for a fifth of Russian gas exports to Europe, needs to sell state assets, curb lending and raise utility prices to cope with the country's first economic contraction in more than a decade, the IMF said.

"The authorities need to maintain a tight macroeconomic policy stance and contain domestic demand," the International Monetary Fund said in a statement after talks in Minsk. Belarus has received about $3.5 billion in bailout funding from the Washington-based IMF this year.

Source:

http://www.bloomberg.com/apps/news?pid=20601085&sid=aJOx.ppf2Qjw

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