Authorities want the airbag

Recall that amount, the official Minsk asks IMF for the creation of "safety cushion" in the criteria of the financial crisis.
The fate of the IMF loan for Belarus will be known in the subsequent week. While unchanged IMF consulate in Minsk do not fall mission estimates of the International monetary Fund regarding the economic situation in kraine.Perad talks on the loan, and the mission began its work in Minsk on October 27 in the leadership of the IMF said that the global crisis had a negative impact on the economy of Belarus on access to external financing. At the same time, changing conditions in international trade badly affected the balance of payments.
According to the former chairman of the National Bank of Belarus Stanislav Bahdankevich, Belarus has no money, and there is an economic kryzys.Taksama S.Bogdankevich calls probable cause devaluation of the Belarusian ruble: is the lack of balance of trade.

Stanislav Bogdanovich"We already import from Russia exports to exceed 9 billion dollars. Because if the country developed by the usual laws of the market, it was necessary to devalue the national currency. But this is not done, as we take loans in foreign currency. This method can delay lowering the price of the national currency. "
While the accounts of the Ministry of money remains 1.5 billion Russian loan that was converted to the local currency. With the new Russian loan of 2 billion dollars, the official Minsk plans to prevent the collapse of the Belarusian ruble. Another loan from the IMF can also assist to push crisis. But the risk, according to Stanislav Bahdankevich remains.
"Before the new year we will have no devaluation and no huge problems. Next year they will begin, especially if Our homeland will raise gas prices. Indeed, loss-making companies will have half. No external loans it does not override."
Meanwhile in the Union of the Russian Federation authorities are preparing for a potential social tensions and rampant crime caused by the financial crisis. Russian President Dmitry Medvedev said that people still feel the effects of the global financial crisis, which will be quite lengthy. Employers announce lowering wages and reducing staff. Cash crisis will leave unemployed not only Russians, and 10’s of thousands of migrant workers in including from Belarus.
Last Prime Minister of Belarus Vyacheslav Kebich does not exclude the impact of negative trends in Russia on the Belarusian economy:
"If we trade with Russia, then this one is sure to be another concern.

Vyacheslav KebichIn any case, this crisis within 1 month will not work. This process long. He flocked long and now broke. And to put it out, it takes time. "
Vyacheslav Kebich believes afterdstviya global financial crisis affected and Belarus. But "so far outside it does not feel":
"It can only apply to the banking system. As for its impact on prices, on people’s lives, then there is not."
Meanwhile, already the third month in a row in Belarus last reduction in international reserves. By the standards of the IMF in October international replacement assets of Belarus decreased by 68.1 million dollars. On November 1, they amounted to 4 billion 51.8 million bucks.

Tags: credit crisis, the IMF

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