Belarus Must Accept Structural Change for New Aid, IMF Says
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Belarus must agree to structural changes in its economy before receiving additional aid from international lenders as the nation struggles to meet its financing needs, the International Monetary Fund said.
Belarus should let the exchange rate float and boost interest rates to slow the expansion of credit, said Chris Jarvis, head of the IMF mission in Belarus. Any new program would be for at least three years, compared with the 15-month, $3.5 billion loan Belarus received in 2009, he said, adding that there have been no “substantive discussions” on the amount.