IMF mission arrives in Belarus

MINSK (BelTA) - An International Monetary Fund (IMF) mission arrived in Belarus on 19 September, BelTA learnt from the IMF office in Minsk.

The IMF mission led by Peter Dohlman will be working in Belarus from 19 September to 1 October. According to the IMF office in Minsk, Peter Dohlman will reveal the goal of the mission later.

The IMF deployed its previous mission to Minsk for the period of 21-30 June to assess the country's current economic policy and hold annual consultations with the Belarusian authorities under Article IV.

The International Monetary Fund is an international organization headquartered in Washington, DC. It was founded on 27 December 1945. Belarus has been an IMF member since 1992. The country's quota stood at 386.4 million SDR ($542.1 million) at the beginning of 2013. IMF's activities in Belarus are aimed at working together with the government and the National Bank in preparing economic policy documents with a focus on taxation, budgeting, monetary management, exchange rate, and trade policy in order to achieve considerable economic growth, low inflation and a stable balance of payments. As was earlier reported, Minsk is discussing the possibility to borrow a new $3 billion loan from the IMF at 2.28% per annum for a period of ten years.