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20 Apr 2020

Belarus’ Development Bank to increase financing of state programs, activities in 2020

Belarus’ Development Bank to increase financing of state programs, activities in 2020
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MINSK, 20 April (BelTA) - The Development Bank of the Republic of Belarus will increase financing of state programs and activities in 2020 to Br1.221 billion ($496.527 million), or up by 4.6% compared to the previously approved amount. The government issued appropriate resolution No. 226 of 14 April 2020 which was posted on the National Legal Internet Portal, BelTA learned from the Development Bank.

The Development Bank will on-lend additional funds to business entities within the non-directive lending limit of the state programs and activities in 2020, the size of which has increased by 11.8% to Br510.89 million ($207.789 million).

The resolution enters into force after official publishing.

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