IMF Approves of Belarus’ Economic Policy

The original 15-month SBA for $2.46 billion was approved on January 12, 2009. On June 29, 2009 financial support was increased to US$3.63 billion. After the first disbursal of $787.9 million in January, the IMF said disbursement of the remainder was subject to quarterly reviews.

Belarus has experienced a relatively modest economic contraction compared to other crisis-hit countries despite a considerable decline in exports. In 2009 inflation in Belarus has been 10.5%.

Read the IMF press release