OREANDA-NEWS. February 13, 2012. Belarus is set to continue negotiating the prospects of a new loan of the International Monetary Fund to the tune of USD 3.8 billion in a bid to pay back previous loans drawn from the IMF, Nadezhda Yermakova, chairwoman of the National Bank of Belarus.

She emphasized that Belarus has never stopped negotiating a new loan program with the IMF. The talks will continue during the forthcoming visit of the IMF experts in February.

In 2012 Belarus is supposed to start paying back former IMF loans, with a USD 3.8 billion debt to be settled.

Belarus received in 2009-2010 five tranches of the IMF SBA loan totaling USD 3.46 billion. Belarus collected the final tranche of USD 670 million within the framework of the latest IMF stand-by programme in late March 2010.