WASHINGTON, June 10 (RIA Novosti) - IMF experts will
recommend the Fund's management increase a standby loan for
Belarus by $1 billion.
The IMF approved a 15-month loan worth about $2.46 billion
under a Stand-By Arrangement for Belarus on January 12, 2009.
"The staff will recommend to IMF management and the
executive board an increase in IMF financial support for
Belarus by SDR 651.4 million (about $1 billion)," said Chris
Jarvis, head of an International Monetary Fund mission to
Belarus.
The official explained that Minsk's "financing needs" had
increased amid the current global credit crunch.
He also praised the ex-Soviet nation's government and
central bank for "making strong efforts to solve their
problems."
The augmented tranche will be granted upon approval by the
IMF executive board, which is due to meet in the next few weeks.
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