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18 Apr 2016

Belarus, United States consider ways to develop credit and investment cooperation

MINSK, 18 April (BelTA) – Belarus and the United States are looking into the ways to develop credit and investment cooperation, the press service of the Belarusian Ministry of Foreign Affairs told BelTA following the participation of the Belarusian delegation in the annual meeting of the Boards of Governors of the IMF and the World Bank on 13-16 April.

Members of the Belarusian delegation held bilateral meetings with representatives of the U.S. government bodies and big banking organizations. “The parties discussed the development of the Belarusian-U.S. trade and economic relations as well as ways to develop credit and investment cooperation,” the press service of the Belarusian Ministry of Foreign Affairs said.

The Belarusian representatives met with Vice President of the World Bank Cyril Muller and the WB experts discussed the programs of support, under implementation and promising ones, including those in the area of enhancing the competitive ability of the Belarusian economy, management of state finances, education and healthcare. The parties agreed on a visit of WB representatives to Belarus in the nearest future.

At the meeting with Vice President of the European Bank for Reconstruction and Development (EBRD) Alain Pilloux the sides discussed the opportunity of implementing new projects with the participation of the EBRD in Belarus, and also the preparation for the 25th meeting of the EBRD Board of Governors which is due in London in May 2016. First Deputy Economy Minister of Belarus Alexander Zaborovsky met with representatives of the U.S. Department of Commerce. The parties exchanged plans for the joint events planned for the nearest future with participation of business circles of the two countries. The events are aimed at the intensification of mutually beneficial trade and economic cooperation. Apart from that the Belarusian delegation also met with investors, the main holders of Belarusian securities to apprise them of Belarus’ economic situation and plans on investment cooperation in the financial sector.

The Belarusian delegation also comprised Deputy Chairman of the Board of the National Bank Dmitry Kalechits, First Deputy Finance Minister Maxim Yermolovich, Deputy Minister of Foreign Affairs Valentin Rybakov, aide to the President of Belarus in economic matters Kirill Rudy.

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