Huge foreign loans are given to sovereign nations by the World Bank, IMF and the likes. But the conditions that come attached to these loans are seldom told by governments to their citizens. A recent case in Belarus has exposed the conditions laid by these agencies for loans being provided for COVID-19. The President of Belarus has exposed that the World Bank coronavirus aid comes with conditions for imposing extreme lockdown measures, to model their coronavirus response on that of Italy and even changes in the economic policies which he refused as being “unacceptable”.
Aleksandr Lukashenko asked the participants of the meeting how things were with the provision of foreign credit assistance to Belarus. “What are our partners’ requirements? It was announced that they can provide Belarus with $940 million in so-called rapid financing. How are things here?” the head of state inquired.
https://greatgameindia.com/belarus-world-bank-coronavirus-conditions/
Aleksandr Lukashenko asked the participants of the meeting how things were with the provision of foreign credit assistance to Belarus. “What are our partners’ requirements? It was announced that they can provide Belarus with $940 million in so-called rapid financing. How are things here?” the head of state inquired.
https://greatgameindia.com/belarus-world-bank-coronavirus-conditions/