Belarus can Smoothly Carry out Reforms, EDB

17.06.2011 09:37

Belarus has the opportunity to implement economic reforms smoothly. "The measures, taken by the Belarusian government and are consistent with the EurAsEC Crisis Fund, will gradually carry out the necessary reforms to balance the budget," head of the Eurasian Development Bank Igor Finogenov said on the sidelines of St. Petersburg International Economic Forum.

He also believes that these measures will help to balance the exchange rates and recover the Belarusian enterprises, especially export-oriented. However, the measures taken should be uneasy and linked to specific costs, said Igor Finogenov, BelTA informs.

As Telegraf previously reported, June 14, President Alexander Lukashenko signed an agreement to loan Belarus $3 billion from the EurAsEC. The first tranche of $800 million should arrive this month, while the remaining amount will be transferred to Belarus in five tranches of $440 million within three years.