EBRD Chief Economist: CIS is unlikely to be able to provide the necessary assistance to Minsk

Chief economist of the European Bank for Reconstruction and Development Erik Berglov doubt that the CIS and Russia will be able to provide adequate financial support for Belarus.

"Watched carefully, what's going on in Belarus. Clearly, that there there will be substantial need for funds from abroad, from the outside … CIS and Russia promised to provide part of the financing. I do not know if there is enough of these funds will be for Belarus"- Said Berglof in Astana during the annual meeting of the Board of Governors.

According to him, the country needs fundamental reform: "Belarus affected by the crisis, and it needs additional funds for economic development. But it would be illusory to believe that the infusion of additional funds into the economy of Belarus will change its fundamental problems."

Need to fundamentally change the approach to the economy and to make changes in the political system. There is a serious problem, "- said the chief economist Erik Berglov, BelaPAN.

May 19, Russian Finance Minister Alexei Kudrin confirmed that the EurAsEC Anti-Crisis Fund is considering mounting Belarus $ 3 billion in credit over the next three years. And to add to this amount, Belarus actively encouraged to privatize or go to the International Monetary Fund.

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