The International Monetary Fund is providing Belarus $ 1 billion to fight the epidemic

Financial support was granted to the authorities in Minsk as part of the reallocation of special drawing rights – the so-called special drawing rights of the International Monetary Fund. Swiatlana Cichanouska, who advocated paying only in free elections, rejected the allocation of Belarus.

despite new penalties from the side from the United Statesand Great Britain I Canada And calls from opposition leaders not to donate this large sum to the government Alexander LukashenkaBelarus receives financial aid from the International Monetary Fund and becomes one of 190 countries to receive funds from the International Monetary Fund to rebuild its troubled economy.

Supporting the IMF in the fight against the coronavirus crisis

This aid is in connection with the implementation of the resolution of the International Monetary Fund of Monday (23 August) on the largest allocation of special drawing rights to date – special drawing rights among the IMF member countries.

“This largest reserve allocation in the history of the IMF will provide the world economy with additional liquidity by feeding the currency reserves of the member countries and reducing their dependence on more expensive domestic or foreign debt,” said the IMF executive director. Kristalina Georgiou.

“Countries can use this money to rebuild their economies and to fight the crisis (caused by the coronavirus pandemic – editor’s note)”.

Belarus is (still) entitled to financial support

Many countries, including members of the European Union, have invalidated the 2020 elections held in Belarus, and the current government considers the exercise of power illegal. Because of this, many financial institutions have completely or partially refused to cooperate with Belarus.

As part of the SDR allocation, all IMF member countries will receive a total of $ 650 billion. At the same time, the International Monetary Fund has limited access to SDR for countries like Venezuelaand Burma I Afghanistan, on the grounds that the question of the legalization of power in these countries has not yet been fully resolved.

SDR allocations are designed to support the global economy in times of crisis. The IMF uses certain rules and procedures to decide whether or not a country is eligible for financial assistance. Belarus currently meets the criteria, but US sanctions should cause the International Monetary Fund to reconsider its position on allowing Minsk to join the program.

Previously he was one of the leaders of the Belarusian opposition Swiatlana CichanouskHe appealed to the President of the International Monetary Fund and the US Treasury Secretary Antonio Blinkina o Prevent the current Belarusian authorities from accessing SDR funds until new free elections are held in Belarus.

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