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Belarus pays $82.4 million toward repayment of IMF loan

 

Belarus on June 28 made a payment of SDR 54.7 million ($82.4 million) to repay the principal amount of the International Monetary Fund’s stand-by loan, announced the finance ministry.

Belarus is scheduled to pay SDR 175 million (about $270 million) in June and the same amount in October.

Belarus has to pay a total of $1,063 billion in 2013 to repay the loan.

The IMF disbursed five loan tranches totaling around $3.46 billion under the stand-by arrangement in 2009 and 2010 to support the government’s stabilization program.

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

According to the finance ministry, Belarus’ payments in 2013 to service the nation’s external public debt will total $3.1 billion. //BelaPAN