The approval makes an amount equivalent to $787.9 million available immediately, said the IMF, noting the remainder will be phased thereafter, subject to quarterly reviews.
The Stand-By Arrangement entails exceptional access to IMF resources, amounting to 418.8 percent of Belarus's quota.
The main objectives of the IMF-supported program are to facilitate an orderly adjustment to external shocks and to address pressing vulnerabilities, according to the IMF.
