BELARUS NEWS AND ANALYSIS

DATE:

21/04/2009

World Bank could grant Belarus a loan in autumn

MINSK, April 21 (Reuters) - The World Bank is ready to grant Belarus a loan as long as Minsk shows commitment to reforms, the bank's regional head said on Tuesday.

'We hope that we will be able to agree such a programme of economic reform which we will be able to support with the help of our financing. We hope that ... we will be able to present this loan to the World Bank's board of directors in early autumn,' Martin Raiser told a news briefing.

Belarus has become reliant on foreign financing to overcome the economic crisis, with money pouring in from global lenders such as the International Monetary Fund (IMF) as well as from neighbour Russia, its main energy supplier.

(Reporting by Andrei Makhovsky, writing by Toni Vorobyova, editing by Victoria Main)

Source:

http://www.forbes.com/feeds/afx/2009/04/21/afx6317725.html

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