IMF to commence virtual mission to Belarus to grab info on economic system

IMF to commence virtual mission to Belarus to grab info on economic system

IMF to launch virtual mission to Belarus to gather data on economy

WASHINGTON (Reuters) – The World Monetary Fund on Friday acknowledged it would launch a virtual mission to Belarus, amid considerations raised in regards to the global lender’s disbursement of as much as the moment emergency reserves to the authorities of president Alexander Lukashenko.

The workers mission is portion of the IMF’s economic surveillance and monitoring mandate and aims to grab more info in regards to the economic inclinations in Belarus and its response to the COVID-19 pandemic, an IMF spokesperson acknowledged.

The mission will launch Monday, acknowledged a source conversant within the plans who became once no longer authorized to communicate publicly.

It comes days after the leaders of Russia and Belarus agreed to space up a unified oil and gas market and to deepen economic integration within the face of what they regard as unjustified Western sanctions on both their economies.

Western governments possess imposed sanctions to escalate strain on Lukashenko, who is accused of rigging elections in August 2020 and cracking down on opposition to prolong his now 27 years in energy. Lukashenko has denied rigging the vote.

Russia is also under Western sanctions for its treatment of Ukraine.

The IMF final month acknowledged it became once preserving a terminate gaze on Belarus but proceeded to give Lukashenko’s hardline authorities acquire right of entry to to virtually $1 billion in contemporary Special Drawing Rights (SDRs), the IMF’s possess reserve forex, as portion of a broader $650 billion allocation to all IMF individuals.

Some U.S. lawmakers had urged the IMF to limit the authorities’s acquire right of entry to to the funds.

The mission, that might conduct interviews on-line, will lay the groundwork for a comprehensive ‘Article IV’ economic surveillance mission in December. Such experiences are utilized on a usual basis by the global lender.

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