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Minsk counts on World Bank’s support in talks with IMF — Belarus PM

April 01, 2015, 17:41 UTC+3 MINSK
According to the country’s Prime Minister Andrey Kobyakov, the government wants to deepen its partnership with the World Bank
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© Belarusian Prime Minister Andrey Kobyakov

MINSK, April 1/TASS /. Belarusian government is counting on the World Bank’s support in its negotiations with the International Monetary Fund (IMF), the country’s Prime Minister Andrey Kobyakov said Wednesday.

He made this statement at the meeting with Qimiao Fan, World Bank Country Director for Belarus, Moldova, and Ukraine.

"We are counting on the World Bank’s active position and support in discussing the "road map" with the IMF during the spring session (of the IMF and WB) in Washington on April 17-18," the head of the Belarusian government said.

According to Kobyakov, the government wants to deepen its partnership with the World Bank.

He noted that the projects WB is implementing now in Belarus are "extremely important and beneficial" for the country.

Kobyakov said that on Thursday the board of directors of WB is expected to approve a $40 mln project to develop Belarus’ forest sector.

With this project the total number of joint projects will reach seven and WB’s investment portfolio in Belarus will reach $938 mln, he said.

Between January 2009 and April 2010, Belarus received $ 3.5 bln under the IMF stand-by program. During the crisis of 2011, the authorities once again turned to the fund for the support up to $8 bln, but the IMF did not consider the application for a loan.

On Monday, Belarus fully met its obligations on the stand-by loan it had received from the IMF. The country paid the last part of its principal debt amounting to $75.9 mln.

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