MINSK, Belarus - Belarus requested the Fund International Monetary loan to help stabilize its economy collapse, the Government said Wednesday it has difficulty in managing the most serious financial crisis since the Soviet collapse.
No there was no indication of the size of the loan, that the Government had requested, but analysts say at least $ 9 billion is needed to keep the economy on track.
Panic spread across the country last week, when the National Bank reduces the value of the Belarusian ruble against the dollar almost by half. The Belarusians have been rushing to buy the goods and the tail for days currency exchange offices to obtain dollars and euros in a desperate attempt to protect their savings.
On Wednesday, the Government issued a decree to the freezing of prices on food such as fish, cheese, tea and coffee and some fruit and vegetables.
The IMF, which has issued loans Belarus amounting to 3.5 billion in 2009-2010 to help it weather the impact of the global financial crisis, studied the country's finances and should produce a report in mid-June.
"This is an SOS signal from the Belarusian Government, which is loss of control of the situation," said Stanislav Bogdankevich, former head of the National Bank.
Observers pin much of responsibility for the financial difficulties of the country on authoritarian President Alexander Lukashenko, who oversaw an increase in social spending before his end re-election last year. The IMF which is cited as a key economic train.
Belarus is in the hope of a loan of 3 billion of the Russia, but the Kremlin has been dragging its feet, insisting on the fact that it will lend money of Minsk if the country decides the implementation for sale some of its major State enterprises.
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