National Bank expects another IMF tranche in December

MINSK, 19 November (BelTA) – The National Bank of Belarus is expecting another IMF tranche in December, Chairman of the Board of the National bank of Belarus Piotr Prokopovich reported to President of Belarus Alexander Lukashenko, BelTA learnt from the presidential press service.

The President was informed that the MF mission completed its work in Belarus to survey Belarus’ performance under the SBA. As of 1 October 2009 the National Bank implemented all necessary measures to secure successful fulfillment of the Stand-By Arrangement. The IMF Executive Board will soon review the results of the work.

“We are confident that another tranche of the IMF loan will be transferred in December,” said Piotr Prokopovich. This will improve the situation in the country, including the one with the gold and foreign currency reserves.