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Belarus pays off over $97 mln of its IMF loan debt

The peak of the IMF debt repayments is expected to be in 2013

MINSK, July 13 (Itar-Tass) —— The Belarusian Finance Ministry paid off the second part of the country’s IMF loan debt worth of 97.4 million U.S. dollars on Friday.

“While settling its obligations, the Republic of Belarus performed the second payment of its loan principal to the International Monetary Fund on July 13, 2012,” the ministry wrote in its statement.

In April 2012, Minsk performed the first loan repayment worth 99.8 million U.S. dollars to the IMF, the ministry reaffirmed.

From January 2009 to April 2010, Belarus had implemented the IMF program for the total sum of 3.6 billion U.S. dollars. In May 2011, the Belarusian government asked the Fund to grant a new loan worth seven billion U.S. dollars. The republic did not receive affirmative reply from the IMF so far.

The peak of the IMF debt repayments is expected to be in 2013.

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