Belarus is quite capable of not resorting to major foreign loans. The statement was made by head of the IMF mission in Belarus David Hofman. He believes that the Belarusian authorities have a considerable degree of control over the situation. “If they take proper economic policy measures in line with our recommendations, I am confident that they will be able to handle the situation,” said David Hofman.
Led by David Hofman, an IMF mission is in Minsk for the sake of the fifth post-program monitoring discussions of the Belarus economy.
The International Monetary Fund is a specialized UN institution headquartered in Washington, USA. 27 December 1945 is the IMF’s official foundation date. Belarus has been an IMF member since 1992. The IMF operation in Belarus is aimed at working together with the government and the National Bank in preparing economic policy documents, focusing on taxation, budgeting, monetary management, exchange rate, and trade policy for the sake of achieving considerable economic growth, low inflation and a stable balance of payments.
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