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Article: Belarus: IMF, World Bank Revise Loan Conditions To Support Eastern Europe Through Crisis.
- Article from:
- TendersInfo
- Article date:
- October 9, 2009
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Russia said this week that it will not disburse the last $500 million tranche of a stabilization loan to Belarus and that it will not grant a $5 billion loan to Ukraine.
Speaking in Istanbul at the start of the annual International Monetary Fund (IMF) and World Bank meetings, Russian Finance Minister Aleksei Kudrin said the Kremlin needs to carefully assess whether loans to Belarus and Ukraine would ever be paid back.
The announcement has focused renewed attention on the loan conditions of international financial institutions that are sending billions of dollars to Belarus, Ukraine, and other troubled Eastern European economies.
Over the past ...