IMF: Belarus must decrease rate of Belarusian ruble by 20 per cent

Belarus’s refusal to devaluate ruble leads to delay of negotiations on stabilization course with the mission of the International Monetary Fund.

IMF representatives think that Belarus should decrease rate of Belarusian ruble by 20 per cent. But the Belarusian party don’t agree. So, the negotiations that were expected to end on November 6, are still in progress, Radio Svaboda reports.

Former head of the National Bank of Belarus Stanislau Bahdankevich thinks that negative foreign trade balance of Belarus may be reduced by devaluation of ruble.

“In the whole world, if foreign trade is unbalanced, government tries to make export to be profitable and import to be unprofitable. Devaluation of national currency always creates good conditions for export and bad ones for import for enterprises,” Bahdankevich told.