BELARUS NEWS AND ANALYSIS

DATE:

25/08/2009

IMF says low reserves main problem for Belarus

MINSK, Aug 25 (Reuters) - The Belarussian economy's main problem is the low level of gold and forex reserves, an International Monetary Fund official said on Tuesday.

'The low level of gold and forex reserves is the main problem,' Marek Belka, head of the IMF's European department, said at a meeting with the Belarussian Prime Minister Sergei Sidorsky.

Belarus had reserves of $3.62 billion on Aug. 1, according to domestic data. IMF calculates the reserves at $3.16 billion.

(Reporting by Andrei Makhovsky, Writing by Toni Vorobyova) Keywords: BELARUS IMF/

Source:

http://www.forbes.com/feeds/afx/2009/08/25/afx6811334.html

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