Russia wants to finish negotiations for a loan to cash-strapped Belarus within a month, offering conditions similar to those typical of an International Monetary Fund programme, Finance Minister Alexei Kudrin said over the weekend.
"I would like to finish it all within a month," Kudrin told journalists on the sidelines of the IMF and World Bank spring meetings in Washington.
"But it all depends on whether there are difficulties with questions that we are dealing with right now," he said, without elaborating.
Belarus is seeking a $1 billion loan from Moscow and $1.7 billion from a Russia-led regional bailout fund as it is running out of foreign-currency reserves due to a big trade deficit and overspending in the run-up to the December 2010 presidential election.
Russia has asked Belarus to submit a credible plan for economic stabilization, and Kudrin said Moscow would like to issue the loan on terms similar to those typical for IMF standby programmes.
"I think that those proposals and the criteria that we will stick to will ... in my opinion, 80 percent, meet the requirements of the IMF," Kudrin said.
Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the
www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials
contained on this site are protected by copyright law and may not be reproduced without the prior
written permission of Public Media at email@example.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal
use only. Its reproduction or distribution in any form is prohibited without a written permission of