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Belarus needs an emergency loan from somebody and has gone to the IMF...asking for up to $8bn usd/5.6bn euros.
It is suffering high inflation...and from financial sanctions by the EU and USA.
Recently, a deal for $3bn usd annually from Russia also seems to have fallen through.
"This is an SOS signal from the Belarussian government, which is losing control of the situation," claimed a former official.
Belarus is suffering an extreme cash shortage from higher Russian energy charges and spending ahead of last year's presidential election.
The IMF lent Belarus $3.5bn usd in 2009.
The WSJ reports that authoritarian President Lukashenko prefers new "loans" from the IMF...over Russia...because of Putin's extreme privatization demands.
