OREANDA-NEWS. February 27, 2012. The International Monetary Fund (IMF) is not going to replace the current Resident Representative, Natalia Koliadina, who has been the IMF Resident Representative in the Republic of Belarus since April 2009, after the end of her assignment.

The Fund makes every effort to effectively use its resources, allocating them to projects and countries where they can have the greatest impact. The Fund will consider posting a new full-time Resident Representative in Belarus if and when a new IMF-supported program with Belarus becomes imminent. In the meantime, the IMF will keep the Minsk Office open with local staff, the IMF said in press-release Wednesday.

Ms. Natalia Koliadina, who has been the IMF Resident Representative in the Republic of Belarus since April 2009, will return to IMF headquarters after the expiration of her three-year term in early April.

IMF staff will continue supporting the authorities’ efforts in macroeconomic stabilization and structural reforms. The IMF will remain engaged with Belarus in the context of six-monthly post-program monitoring and annual surveillance missions, regular visits from Mark Allen, Senior Resident Representative for Central and Eastern Europe, and capacity building through training and technical assistance.

Speaking about the end of her assignment, Ms. Koliadina said “I would like to express my deep gratitude to the Belarusian authorities for their cooperation and warm hospitality. I would also like to thank all of the people who have helped me during my time here for their friendship and their hard work on behalf of Belarus”.

Ms. Koliadina has been the seventh Resident Representative in the Republic of Belarus, since Belarus joined the Fund in 1992. Ms. Koliadina will remain as Resident Representative through early April.