Minsk anticipates receiving IMF loan by curtailing social protection policy

Submitted by monitor on Wed, 12/09/2015 - 16:30
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belarusinfocus.info (08.12.2015) The Belarusian authorities see no benefits from reforming the existing socio-economic model, while they see the costs and possible negative political effects from such a reform. In order to receive the IMF loan, the leadership will only cut social guarantees to the population and will preserve the existing social and economic model in somewhat abbreviated format. In the mid-term (5 years), the Belarusian authorities are planning to revise the social contract with the population and adopt unpopular measures anyway, regardless of the external financing. 

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