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NBRB: Belarus meets its external, internal obligations in full and on timely basis
MINSK, 24 April (BelTA) – The Government and the National Bank of the Republic of Belarus (NBRB) continue to meet the country’s external and internal obligations in full and on timely basis. The statement was made at an extended meeting of the NBRB Board, BelTA learnt from the NBRB information and PR department.
“In order to avoid an considerable decrease in the financing of the economy and the reduction of the domestic demand amid weak economic activity, the Belarusian government and the central bank has been working closely with the Russian government, the International Monetary Fund, the EurAsEC Anticrisis Fund, the World Bank, other foreign investors on the issues of external financing,” the National Bank noted.
In late March the Finance Ministries of Belarus and Russia signed an agreement on a $110 million loan for Belarus. During the recent visit of experts of the Eurasian Development Bank to the country, an agreement has been reached to continue the program of macroeconomic stabilization and structural reforms that could be supported by a financial loan of the Anticrisis Fund. In April the Belarusian delegation took part in the annual meeting of the Boards of Governors of the IMF and the World Bank Group. The Belarusian delegation held meetings and talks with representatives of the IMF and the World Bank. The parties agreed on cooperation to elaborate the terms for the implementation of the IMF program.
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