Moody's thinks IMF can credit Belarus
If Belarus allows the rouble exchange rate to float, it will positively affect the possibility of getting a $3bn credit.
However, the economy will face difficulties at the beginning, informs Radio “Liberty” referring to the agency Moody's Investors Services.
Let us remind you that Lukashenka claimed last week that the exchange rate would be defined by the market rate at special trade sessions in September. According to the international credit rating agency Moody’s, the rouble exchange rate will drop by 30-50% and the inflation rate will increase. The industry depending on the import may suffer a lot. However, the measure will help Belarus get a $3bn credit from the IMF.
