Belarus has received $679 million as the second tranche of an International Monetary Fund loan, the Belarussian central bank said on Thursday.
Earlier this week, the IMF approved a second tranche of $679 million, and increased financing support for the country by $1 billion to $3.52 billion under a revised economic programme.
Central bank spokesman Mikhail Zhuravovich told Reuters the IMF had turned over the sum in full after initially sending just over $600 million. The loan programme's first tranche of $788 million was received at the beginning of the year.
In announcing the expanded programme, the IMF said Belarussian authorities would strive for a balanced budget in 2009 despite lower revenues, keep monetary policy tight and allow more exchange rate flexibility within a fluctuation band.
Belarus last week widened the exchange rate band of the Belarussian rouble, a step the IMF said would help improve the current account, allow more currency flexibility and ease pressure on international reserves. (Reporting by Andrei Makhovsky; Writing by Ron Popeski)