IMF Will Continue $3 Bln Loan Talks With Belarus In April

imf belarus loan

Negotiations on a new IMF program with Belarus will continue in April in Washington. The statement was made by the organization’s official representative Gerry Rice said at a press briefing on 23 March, TUT.BY reports

“The discussion will continue at the Fund’s spring session”, Rice said. The spring session is scheduled in the U.S. capital on 21-23 April.

On 16 March a one-day IMF mission visited Minsk at the invitation of Belarus President Alexander Lukashenko.

The Belarusian leader said that he had invited Mr. Peter Dohlman, the head of the IMF Mission to Belarus, and Bas Bakker, Division Chief of the Emerging Europe Regional Division, to ‘discuss one or two issues’ that ‘are very important for me and for the country’.

According to a statement made by Dohlman after the meeting, one of the issues the sides had talked was the economic and social situation in Belarus, as well as the system of social protection for those citizens who needed it most.

The loan program between Belarus and the IMF is almost ready to be signed. The Belarusian authorities have been negotiating a $3 billion loan at 2.28% per annum for a period of ten years. In return, the creditors insist on liberalization of the Belarusian economy and elimination of cross-subsidies.

As First Deputy Prime Minister Vasily Matyushevsky noted in February, the program is ready, and its signing is a matter a political decision.

See also: EU And UNDP To Allocate €2 Mln For Local Ecology And Tourism Projects In Belarus