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01 December 2015, 12:14

Minsk considering borrowing $3bn from IMF for ten years

MINSK, 1 December (BelTA) – Minsk is considering the possibility of getting a $3 billion loan of the International Monetary Fund (IMF) with a 2.28% interest rate for ten years, Belarus' Prime Minister Andrei Kobyakov said during a meeting with the Belarus President to discuss the negotiations on the expanded financing program with the IMF, BelTA has learned.

“We need to attract IMF resources and secure the best repayment terms possible. We would like to get a $3 billion loan with a 2.28% interest rate for ten years,” the Prime Minister noted.

The head of state stressed that this is a good loan. It is big enough and with a good interest rate. "No one, including the Russians, has given us loans under such interest rate. It is profitable for us,” said the President of Belarus.

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