Jeezy
DP Veteran
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- May 21, 2011
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Belarus seeks emergency IMF bailout - Europe - Al Jazeera English
:shock: ...at that last excerpt.
Who knew Lukashenko couldn't manage an economy? :roll:
Mikhail Myasnikovich, the Belarusian prime minister, said on Wednesday: "We ... estimate the size of support [loan] between $3.5bn and $8bn", saying the programme could last three to five years.
The move signals growing economic pressure on Alexander Lukashenko, the Belarusian president, who spent heavily ahead of elections last year and promised to raise wages sharply while rejecting the need for Western help.
Moscow has since refused to offer direct assistance to Minsk and itself demanded that Lukashenko approve a privatisation programme that could see Russian firms take over large swathes of its neighbour's econom
Interests rates were hiked last week by a remarkable 200 basis points to 16 per cent and the government admitted that annual inflation would this year hit 39 per cent under its optimistic forecast.
:shock: ...at that last excerpt.
Who knew Lukashenko couldn't manage an economy? :roll: