Belarus repays principal part of IMF loan

31.12.2013 | Economy

On December 20 Belarus made a payment of $84.3 million to repay the principal amount of the International Monetary Fund’s stand-by loan.

Belarus was scheduled to pay a total of $1,630 million in 2013 to repay the loan, recalls BelaPAN.

The IMF disbursed five loan tranches totalling around $3,460 million under the stand-by arrangement in 2009 and 2010 to support the government’s stabilization program.

In 2011, Belarus paid interest totalling SDR 54.7 ($83.5 million). Last year Belarus made five payments totalling SDR 303.5 million ($465.2 million) to repay the principal amount.

According to the finance ministry, Belarus was to pay a total of $3.1 billion in 2013 and is expected to pay $3.2 billion next year to service the nation’s external public debt.

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Belarus repays principal part of IMF loan

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