The dilemma of Kudrin: Sell property or ask the IMF

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Russian Finance Minister Alexei Kudrin has today confirmed that the anti-crisis fund of the Eurasian Economic Community is considering mounting Belarus 3 billion loan over the next three years. And to add to this amount of Belarus to privatize more actively encouraged — or go to the IMF.

After the meeting of the Interstate Council of the Eurasian Economic Community, which was held in the evening at the National Library, at the final press conference the Russian Finance Minister Alexei Kudrin. Home of the themes he touched on — the currency crisis in Belarus and Belarusian leaders appeal to Russia for help to replenish reserves.

Kudrin confirmed that the EurAsEC Anti-Crisis Fund is considering mounting Belarus $ 3 billion in credit over the next three years. On He said, this issue will be considered at a meeting in Kiev on June 4.

But along with that, in his opinion, within three years of Belarus may receive at least 7, 5 billion from privatization.

We do not specify which assets are to be sold, a list of the Belarusian government, but we need to reach a certain amount of privatization.

"We do not specify which assets are to be sold, a list of the Belarusian government, but we need to reach a certain amount of privatization," — said Kudrin.

He confirmed that the including it is about the sale of the shares of "Beltransgaz" which are the Belarusian state.

In addition Kudrin called Minsk reduce the trade deficit and take other steps to make such situation in Belarus, are not repeated:

"Belarus should take additional measures to enhance export earnings and investment. As I see it, the government of Belarus to adequately assess the situation, which is compounded. Already planned measures and they are carried out. "

If the assets will not be realized, then you have to turn to the IMF, whose tight credit conditions.

"Belarus has enough assets to complement the lending program required amount of foreign exchange resources. If the assets will not be realized, then you have to turn to the IMF, whose tight credit conditions. "

According to Kudrin, the Eurasia Foundation puts the loan terms, conditions similar to the IMF. First of all, the reduction of the negative trade balance … Belarusian leadership knows that it is necessary to reduce the deficit …

Kudrin said: "We do not want this money (credit and privatization revenues) were spent, these funds should be insurance for the future of these situations, it is necessary that they reach to the reserves."

Another condition for the loan of the EurAsEC, according to Kudrin — Belarus' refusal of multiple currency practices.

Kudrin also said that Russia is discussing the lending power plant construction in Belarus and stated that this loan will trade.

"We are negotiating the construction of nuclear power plants. Step by step breakdown of the credit for the years to be determined. But we have determined that Belarus will receive over $ 7 billion in goods and services. The specific parameters will be specified. "

According to Kudrin, from Minsk received a request for funding infrastructure and nuclear power plants, but that's a financial loan on which negotiations are underway.

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