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Business news

22 Jan 2016

WB ready to provide additional loans to Belarus

MINSK, 22 January (BelTA) – The World Bank is interested in strengthening cooperation with Belarus and increasing its investment portfolio in the country, including through provision of additional loans for implementation of projects. The matter was discussed during the meeting between Belarus’ Deputy Prime Minister Anatoly Kalinin, World Bank Country Manager for Belarus Young Chul Kim and WB experts in Lida, BelTA learned from the press service of the Belarusian government.

The decision on additional funding will be made after a comprehensive study of Belarus’ proposals and an evaluation of the application of funds provided for the projects that are already underway.

Anatoly Kalinin instructed the Belarusian Housing and Utilities Ministry, the Grodno Oblast Executive Committee and other agencies concerned to cooperate with World Bank experts on the matter, prepare a list of specific proposals on how to expand the bilateral cooperation, and provide justification for the requested amount of funding.

During the meeting, the WB experts were also briefed about the work of municipal waste recycling facilities, heating and water supply networks of Lida District. They talked over the possibility of providing Belarus’ Grodno Oblast with a WB loan for a comprehensive investment project to set up municipal waste recycling plants that would generate refuse derived fuel (RDF), to restore and build a water deferrization station, and to renovate customs checkpoints and transport infrastructure. The meeting also discussed the participation of the World Bank in financing the project to promote the use of local fuels at local boiler houses.

Young Chul Kim briefed Anatoly Kalinin on progress in the construction of a mechanical waste separation facility in Grodno.

After the meeting, Anatoly Kalinin signed a document on amendments to the loan agreement of 5 July 2010 between Belarus and the International Bank for Reconstruction and Development (a component of the World Bank Group) on implementation of a solid waste management project. The document reads that the funds left over after the construction of the waste recycling plant in Grodno (around $12 million) will be spent on the development of the waste collection system in Grodno and Grodno District, including on new garbage removal trucks and waste containers.

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