Belarus expects to receive another IMF credit tranche in December
MINSK, 29 October (BelTA) – Belarus plans to receive another tranche of the IMF loan in December 2009, Chairman of the Board of the National Bank of Belarus (NBRB) Piotr Prokopovich told media on 29 October.
According to him, as of 1 October, the National Bank fulfilled all the targets coordinated with the IMF. An expert group of the International Monetary Fund is to come to Minsk to assess these targets. “We expect to receive another tranche of the IMF loan in December,” Piotr Prokopovich said.
A reminder, in January Belarus received the first tranche of the IMF loan - around $800 million. The second tranche — around $680 million – came in July. On 26 October Belarus received another IMF credit tranche to the tune of $699.5 million. Thus, the total volume of the loan provided by the IMF now stands at $2.2 billion.
A reminder, on 29 June the Executive Board of the International Monetary Fund took a decision to increase the financial support under the Stand-By Arrangement up to $3.63 billion.
