BELARUS NEWS AND ANALYSIS

DATE:

03/09/2009

IMF Staff, Belarus Reach Agreement On Loan Review

WASHINGTON (Dow Jones)--Belarussian officials and International Monetary Fund staff have reached an agreement that would pave the way for the former Soviet country to access a second installment of its IMF loan.

The agreement calls for Belarus to tighten credit policy in an effort to limit domestic demand and boost the country's external position.

If approved by the IMF's executive board at the Fund's annual meetings in October, Belarus would be able to access an additional $683 million from the IMF.

The IMF in January approved a $2.46 billion loan package for Belarus. The value of that loan was boosted to $3.52 billion in June.

Source:

http://online.wsj.com/article/BT-CO-20090903-711836.html

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