Russia conditions loan on action plan

Euroradio
28/10/2008 - 14:53
Society

Moscow has conditioned a $2-billion loan to Belarus on the adoption of a joint plan of action in the economy, Dmitry Pankin, deputy finance minister, said.


"We will provide $1 billion in November and another billion in 2009 after changes are introduced into the 2009 federal budget. The money will be made available in Q1, 2009," PRIME TASS quoted Pankin as saying.

 

If adopted, the joint plan will specify economic steps to be taken by Belarus and Russia, guarantee Russian companies access to the Belarusian market, and also deal with exchange rate policies, privatization and Belarus' balance of payments. The governments have not yet approved the plan.



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