The IMF has increased the size of a loan for BelarusBoard of directors of the International currency fund (IMF) has approved transfer of the second tranche of the credit for Belarus at a rate of $679 million Besides it, the total amount of a stabilisation loan is increased to $3,52 billion By increase in the size of a loan in IMF have gone, as is explained in the organisation message that Belarus which has not received proceeds of credit from Russia, could “ to execute the economic program “.
“ the Revised plan will help the government (Belarus) to execute the economic program and will allow the country to reduce the influence which has exceeded expectation of world financial crisis “ - have explained in IMF. By means of the means of Belarus given to the country it is offered to balance the budget for 2009, to continue a course of economic reforms and to conduct rigid monetary - the credit policy. Besides, in IMF insist on more flexible exchange rate and expansion of a currency corridor. Let`s note, the National bank of Belarus in June has expanded a look-ahead corridor of rate fluctuations of the Belarus rouble to a basket of currencies with +/ - 5 % to +/ - 10 %.
According to the deputy director - the manager of MFV Takatoshi Kato, the co-ordinated credit program will allow Belarus to come to liberalisation of economy and to be prepared for privatisation for the purpose of strengthening of prospects of economic growth in intermediate term prospect. To strengthen trust to national currency it will be possible, according to Kato, thanks to toughening monetary - the credit policy.
we will remind, the demand line of credit of the Navy for Belarus has been confirmed in January of current year for a period of 15 months. The credit total sum was estimated in the $2,51 billion First tranche has made $800 million Request for the credit has arrived from Belarus in October, 2008. The president of the country Alexander Lukashenko motivated then this step with necessity of creation “ safety pillows “ in the conditions of a world economic crisis.