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Belarus Plans to Raise $1.5Bln in 2014

MINSK — Belarus plans to raise $1.5 billion through foreign loans next year, a top finance official said.

But the former Soviet republic will also need some $2 billion from privatizations to balance its budget, Oleg Selivyorstov, a deputy chief of the Finance Ministry's budget policy department, said in Minsk on Tuesday.

The country's debt servicing payment next year is expected to grow by $255 million to $783 million, the official said.

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