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IMF and Belarus continue talks about the next loan

The International Monetary Fund and Belarus have not yet agreed about the next credit, but they have managed to bring their positions closer, the negotiations will continue, said on Friday the press office of the IMF.

"A team Fund and the Belarusian authorities have made significant progress in the discussion of policy which could support a three-year agreement on the loan program. Discussion of some of the issues requires more time and will continue in the coming weeks between the two sides," - said the fund.

An IMF mission led by Peter Dolman was on a visit to Minsk in November 9 20 2015 of the year. The purpose of the visit was to assess the ongoing changes in the Belarusian economy and the discussion of a new economic program that could be supported by the financial resources of the IMF. Earlier, the Belarusian authorities did not rule out appeal to the IMF for support, and the head of the Fund Christine Lagarde urged Minsk to additional economic reforms.

In turn, the Belarusian government said that "in the course of negotiations the parties managed to bring their positions closer."

"Given that develop joint measures aimed at improving the competitiveness and sustainable development of the Belarusian economy should be integrated and comprehensive, detailed discussions with the IMF experts will continue in the nearest future", - said the government's press service.

Earlier it was reported that it was a loan to the IMF in Belarus for a period of three years up to 3 billion.

In 2009-2010 years in the stabilization program stand by Belarus received five tranches of the IMF loan totaling 3,46 billion. In the spring, the republic has 2015 payments on this loan.

A source: RIA News

Author: RIA News

Tags: Belarus's economy, loan, IMF Reforms

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