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Belarus pays US$81.7 million off IMF standby loan principal
28.10.2014 12:26 "Agro Perspectiva" (Kyiv) —
Within last week Belarus honored its obligation to repay a standby loan taken from the International Monetary Fund (IMF) by transferring 54.7 million SDR as the next installment to repay the principal sum, or the equivalent of US$81.7 million, Belarus Radio says referring to the Belarusian Finance Ministry report.
As to the report, the previous time, on 30 September 2014, Belarus had transferred the equivalent of US$81.6 million.
Reportedly, from January 2009 through April 2010 Belarus accomplished a standby program backed by a US$3.5 milliard IMF loan. It allowed the country to secure positive dynamics of several economy and monetary management indicators.
It is to be admitted, the IMF operation in Belarus is aimed at working together with the government and the National Bank in preparing economic policy documents, focusing on taxation, budgeting, monetary management, exchange rate, and trade policy for the sake of achieving considerable economic growth, low inflation and a stable balance of payments.
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