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Lukashenka: IMF loan should not be a panacea for the economy of Belarus

Lukashenka: IMF loan should not be a panacea for the economy of Belarus

21.04.2016
Tags: Belarus, Lukashenko, economy, loan, IMF

President of Belarus Alexander Lukashenko said that the possibility of obtaining the IMF loan Belarus does not need to be treated as a panacea.

"An IMF loan should not be a panacea, but an indicator of openness of the economy", - Lukashenka said in Minsk on Thursday, addressing a message to the people and the parliament.

The President also reminded the Government that the negotiations with the IMF need to protect national interests, "arguing, talking, demanding that we understand in this negotiation process."

Belarus is in talks with the IMF about the beginning of a new cooperation program, which is supposed to be supported by the Fund. Minsk discusses loan in 3 billion dollars in funding under the extended 2,28 10% per annum for years. However, according to the Ministry of Finance, in the negotiations there was a pause, as required by the discussion of many of the Belarusian economy liberalization.

The Delegation of Belarus 13-16 April participated in the annual meeting of the Boards of Governors of the IMF and the World Bank. Representatives of the Republic held talks with the management of these structures. Belarus and the IMF have agreed to modify the conditions of implementation of the new Fund program for the country.

Nina Gurina
RIA News
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