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IMF-Belarus talks on rapid financing continue

Nadeem Ilahi. An archive photo

MINSK, 21 May (BelTA) – The International Monetary Fund continues discussing the provision of rapid financing with Belarus, BelTA learned from IMF Senior Resident Representative for Central and Eastern Europe Nadeem Ilahi during a webinar held to discuss the coronavirus impact on the Belarusian economy.

Nadeem Ilahi said: “Indeed, we’ve received an application for rapid financing from Belarusian authorities. We are still discussing it, evaluating the situation in Belarus and the policy Belarusian authorities pursue at this stage. We are in the discussion phase.”

BelTA reported earlier that the Belarusian government and the central bank have applied to the IMF for rapid financing due to the worsening of the global economic situation.

Depending on the terms of access to the IMF’s Rapid Financing Instrument, Belarus may claim the equivalent of roughly $900 million.

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