Belarus-IMF

10.11.2017

IMF says reforms to double Belarus' economic growth
IMF says reforms can double Belarus' economic growth The IMF has improved the economic outlook for Belarus revising the figures to plus 1% to the previously announced indicator. Thus, by the end of 2017, experts expect the country's GDP to grow by 1.7%, said November 9 head of the mission of the International Monetary Fund for Belarus Peter Dohlman. The Belarusian economy will remain on the trajectory of growth in the future, too, believes the IMF. The indicator for the medium term is projected at 2%.

02.11.2017

First vice-premier of Belarus Vasily Matyushevsky
Belarus needs dialogue with IMF, but not for money? Belarus is in dialogue with the International Monetary Fund, but not in order to get a new loan, said first vice-premier Vasily Matyushevsky on the sidelines of the Kastryčnicky Ekanamičny Forum (October Economic Forum). "Money for us today is not the most important thing," the official said. "Belarus does not need emergency financing from the IMF, we have a balanced situation. Dialogue with the International Monetary Fund is needed so that they confirm that Belarus is moving in the right direction. This is very important for investors."

26.10.2017

IMF mission to start work in Belarus on October 26
Belarus continues loan talks with IMF The mission of the International Monetary Fund, headed by Peter Dohlman, will begin its work in Belarus on October 26. Experts will stay in Belarus with a two-week business trip. They are expected to meet with the state administration of the country. Their main focus is the situation in the economy of Belarus. Currently, Belarus is negotiating with the IMF to launch a new program of cooperation.  As stated earlier, Belarus counts on the support of the fund and a credit line worth $3 billion.

05.06.2017

IMF to begin mission in Belarus June 5
IMF to begin mission in Belarus June 5 The mission of the International Monetary Fund headed by Peter Dohlman begins work in Belarus on June 5. The experts will be in Belarus with a one-week business trip. Negotiations with state administration bodies are expected to touch on the situation in the Belarusian economy. Currently, Belarus is negotiating with the IMF to launch a new program of cooperation. As was stated earlier, Belarus counts on the fund's support worth $3.5 billion.

19.04.2017

Belarus to take part in IMF, WB spring session in Washington
Belarus to take part in IMF, WB spring session in Washington Belarus will participate in the spring session of the International Monetary Fund and the World Bank in Washington, which starts on April 19. The Belarusian delegation includes the heads of the National Bank, the Ministry of Economy, the Ministry of Finance, and the Ministry of Foreign Affairs. It is expected that they will meet with representatives of the international financial organizations and hold negotiations on the conditions for granting financing to Belarus.

17.03.2017

Belarus President meets with IMF mission head Peter Dohlman
Belarus President meets with IMF mission head Peter Dohlman Prospects of cooperation between Belarus and the International Monetary Fund were discussed in Minsk on March 16. Alexander Lukashenko met with the head of the IMF mission in the country by Peter Dohlman. At the moment, consultations continue with this financial organization. Experts point out that the budget for 2017 meets the requirements for the start of the new joint program.

03.02.2017

Belarus lost $15bn because of price disparities in Belarusian and Russian markets
Belarus lost $15bn because of price disparities in Belarusian and Russian markets Because of disparities in prices in Belarusian and Russian markets Belarus lost $15 billion, said President of Belarus Alexander Lukashenko at a meeting with public representatives of Belarusian and foreign mass media.

29.11.2016

Belarus economy minister: average salary of $500 is very hard task
Belarus economy minister: average salary of $500 is extremely hard task Inflation in Belarus in 2016 will keep at the planned level, said Belarus government on November 29.The council of ministers noted also that Belarus is timely settling with foreign loan holders and continues to work with the International Monetary Fund. The government said that the refinancing rate in 2016 was reduced on three occasions and this is an important factor for economic growth, including the increase of the average salary in the country to $500.

04.11.2016

IMF technical mission on state-owned enterprises starts work in Belarus
IMF technical mission on state-owned enterprises starts work in Belarus A technical mission of the International Monetary Fund has started work in Belarus. Currently the sides are discussing the possibility of a three-year cooperation program that would be supported by a loan of $3 billion for 10 years. The IMF puts forward a number of requirements in order for the loan to be issued. The technical mission on state-owned enterprises has arrived in Belarus on the invitation of the Government and the National Bank.

11.10.2016

What IMF’ loan is and why Belarus needs it: expert opinion
What IMF loan could mean for Belarus? Belarus holds very important talks with the International Monetary Fund about a new loan program. There’s a possibility to get three billion dollars and the interest rate is beneficial. However, the IMF has very strict requirements, as usual. However, they are negotiating to find a compromise. The idea of ​​creating the International Monetary Fund came at a UN conference in 1944. The member countries have decided to create a common money-box from which anyone can borrow in order to avoid a serious crisis.

10.10.2016

Mikhail Kovalev, professor of Belarusian State University on IMF loan for Belarus and role of China in economy
Mikhail Kovalev, professor of Belarusian State University on IMF loan for Belarus and role of China in economy Belarus has had a successful cooperation with the IMF for many years. In 2010, we received a large loan worth 3.5 billion dollars in the framework of the Standby Program. Belarus has already paid its debt. Now, there are discussions about a new loan from the IMF with very good interest. However, should Belarus count so much on the IMF? We asked the opinion of professor Mikhail Kovalev. We hope to get a loan worth 3 billion dollars for 10 years with the interest rate of 2.3% a year. What does it mean?

07.10.2016

Continuity, reforms, foreign policy: Alexander Lukashenko addresses Belarusian parliamentarians
Continuity, reforms, foreign policy: Alexander Lukashenko addresses Belarusian parliamentarians Overcoming the negative trends in the economy, steady rate of development, the growing authority of Belarus in the international arena and the need to maintain a balanced foreign policy were the topics about which the President of Belarus spoke on October 7 addressing MPs from both chambers of the Belarusian parliament.

03.10.2016

Belarus to continue new loan program talks with IMF in the near future
Belarus to continue new loan program talks with IMF in the near future Belarus will continue talks with the IMF on a new loan program in the near future, said chairman of the National Bank of Belarus Pavel Kallaur after the meeting with the President. On October 4, the Belarusian delegation will leave for Washington to take part in the annual meeting of the International Monetary Fund.

22.09.2016

$3bn loan in question: IMF mission in Belarus
$3bn loan in question: IMF mission in Belarus The mission of the International Monetary Fund discusses a new loan program in Belarus. The mission officially began its work in Belarus on September 21. The experts will be meeting with a number of government representatives until October. Peter Dohlman, Head of the IMF mission in Belarus:The aim of that mission is the discussion of the economic policy that could be supported in the framework of the credit mechanism.

21.09.2016

Loan program’s discussion: IMF mission starts work in Belarus
Loan program’s discussion: IMF mission starts work in Belarus The mission of the International Monetary Fund discusses a new loan program in Belarus. The mission officially began its work in Belarus on September 21. The experts will be meeting with a number of government representatives until October. The estimation of the economic processes in Belarus will be given. The IMF insists on implementing a number of reforms. If the decision will be favorable, the funds will be invested in these reforms.

21.06.2016

IMF mission to visit Belarus 21-30 June
IMF mission to visit Belarus 21-30 June On June 21, an IMF mission led by Peter Dolman starts its work in Belarus. It will last until June 30. The guests are going to get familiar with the nuances of the work of Belarusian economy, as well as to consult with representatives of the Government, the National Bank, the private sector and the scientific community.

06.04.2016

IMF, World Bank experts to study Belarus' financial system
IMF, World Bank experts to study Belarus' financial system World Bank and International Monetary Fund experts will study the financial system of Belarus. The joint mission has already got down to work. It will stay in Belarus until 21 April. During this time the foreign experts will meet with representatives of Belarus’ state bodies, banks and insurance companies. The large-scale monitoring will result in experts’ recommendations on the increasing of effectiveness of the financial sector.  

09.02.2016

Belarus to continue talks with IMF over $3 bn loan
Belarus to continue talks with IMF over $3 bn loan The Belarusian President met February 8 with the Minister of Foreign Affairs to talk over the strategy and tactics of Belarusian foreign policy. It is necessary to develop cooperation both in the west and in the east, especially with partners in the framework of integration associations.

15.01.2016

President Lukashenko
President Lukashenko about Belarusian economic strategy for 2016 President of the Republic of Belarus Alexander Lukashenko discussed the Belarusian economic strategy for 2016 with First Deputy Prime Minister of the Republic of Belarus Vasily Matyushevsky. The Belarusian government has taken into account 12 fundamental factors of medium-term prospects of economic growth rate, including the situation in the Chinese stock market.

11.01.2016

Belarus about to start new loan program with IMF The President would like the government to think about people when resolving production issues and implementing economic policy. On January 11, Alexander Lukashenko met with First Deputy Prime Minister Vasily Matyushevsky to discuss the economic prospects of 2016. The year has just begun, but the government has developed medium-term prospects of achieving sustainable economic growth.

06.12.2015

Are IMF's loan requirements to Belarus sensible?
Are IMF's loan requirements to Belarus sensible? President Lukashenko constantly orders to look for new markets in new regions of the world. Not only for milk products. Belarus does have some potential here. This is confirmed by the conclusions of experts of all kinds and ratings. At times, these ratings due to some tasks. The Belarus President this week held a meeting in Minsk to discuss the possible IMF loan.

03.12.2015

Taras Nadolny, first deputy chairman of the National Bank of the Republic of Belarus
Belarus-IMF loan talks may complete in Q1 2016 Talks between Belarus and the IMF about a loan can be completed in the first quarter of 2016, said first deputy chairman of the National Bank during the regular meeting of the House of Representatives. The IMF mission worked in Minsk in November. IMF experts evaluated the possibilities of providing loans to Belarus if it reforms the national economy. According to the Belarus National Bank, today the country is in the middle of a successful dialogue with the Fund.

01.12.2015

Belarus not against IMF's reform proposals, questions timing
Belarus not against IMF's reform proposals, mulling over timing Balanced approach and respect for the national interests. This is the position voiced today, December 1, by the Belarus President at a meeting to discuss the expanded program with the IMF. Belarus is in talks with the Fund to attract $3 billion for 10 years. But the IMF has some requirements Belarus needs to comply with.  
Belarus wants IMF loan, calls on respect for national interests
Belarus wants IMF loan, calls on respect for national interests Belarus is interested in the loan of the International Monetary Fund in accordance with national interests, said on December 1 President Alexander Lukashenko at the meeting on the progress of negotiations on the program with the IMF Extended Fund Facility. Belarus would like to attracting a loan of $3 billion for 10 years. The IMF demands that Belarus carries out some reforms in its economy.

18.11.2015

Belarus has 'no allergy' to IMF reform proposals
Belarus has 'no allergy' to IMF reform proposals Belarus has no intention of breaking the scheme of the social state, said President Alexander Lukashenko at the 17 November meeting with the head of the IMF mission to Belarus Peter Dohlman. All other proposals of the IMF, as noted by the head of state, are absolutely realizable. IMF experts have been working in Belarus for over a week. They are holding talks with the government and the Belarus National Bank.

28.09.2015

Alexander Lukashenko addresses UN Summit on Sustainable Development in New York Leaders of states and diplomats gathered for a UN summit on sustainable development and the 70th General Assembly of the United Nations. Since the middle of the 20th century it has been the highest international tribune.

27.09.2015

Alexander Lukashenko meets with IMF's Christine Lagarde
Alexander Lukashenko meets with IMF's Christine Lagarde The President of Belarus continues the visit to the United States. Alexander Lukashenko will address the plenary session of the UN Summit on Sustainable Development. The Head of State will present the national position of Belarus country in this area. The working schedule of the President includes a number of bilateral meetings with leaders of other countries, as well as with the Secretary General of the United Nations. In fact, peace is incredibly fragile. And the lesson was presented to the world here in New York, in Manhattan on Sept. 11, 2001.

08.07.2015

IMF mission arrives in Belarus: new loan program on the cards
IMF mission arrives in Belarus: new loan program on the cards The mission of the International Monetary Fund today, July 8, began its work in Minsk. Belarus hopes for a new program of credit support from the IMF. It is expected that the program will help strengthen the national currency rate, improve the balance of payments and increase foreign currency reserves. Belarus already has experience of cooperation with international funds. In 2009, Belarus received a loan of $3.5 billion as part of the stand-by program. The country has already honored its obligations to repay the loan. 

05.05.2015

Pavel Kallaur, head of National Bank of Belarus
Belarus' National Bank head: Belarusian ruble is at its real market value now The Belarusian ruble reflects its real value based on supply and demand, said the head of the Belarusian National Bank on May 5. Pavel Kallaur emphasized that inflation in Belarus will not exceed 16%. This figure is within the planned estimates. Although it will still depend on the macroeconomic indicators, which primarily have external nature.

02.04.2015

Belarus Premier: Belarus counts on World Bank support in roadmap talks with IMF
Belarus Premier: Belarus counts on World Bank support in roadmap talks with IMF Belarus counts on the support of the World Bank in the discussion of the roadmap with the International Monetary Fund (IMF). This was said on April 1 by Prime Minister of Belarus at the meeting with World Bank Director for Ukraine, Belarus and Moldova Qimiao Fan. The Prime Minister emphasized that the interaction between Belarus and the World Bank has reached a qualitatively new level. This is cooperation in road infrastructure, water and wastewater systems as well forest sector development.

17.03.2015

David Hoffman, chief of IMF mission
IMF says first steps of updated Belarusian government encouraging The International Monetary Fund has said that the first steps of the Belarusian government updated are encouraging. This was said by head of the IMF mission David Hoffman on March 16. The organization's representative said that he supports the National Bank's intention to make the transition to a more flexible exchange rate and the tightening of monetary policy. According to him, it is necessary to tighten macroeconomic policy, including by controlling domestic demand.