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14 Sep 2017

Belarus president signs decree to borrow €50m from EBRD for Belinvestbank

MINSK, 14 September (BelTA) – Belarus President Alexander Lukashenko signed Decree No.328 on arranging a six-year €50 million loan from the European Bank for Reconstruction and Development (EBRD) to replenish the capital of OAO Belinvestbank, BelTA learned from the president's press service.

The head of state has endorsed the relevant Belarus-EBRD draft credit agreement as a basis for further negotiations. The Belarusian Finance Ministry has been authorized to conduct them and seal the deal.

The decree is meant to ensure OAO Belinvestbank’s further sustainable development.

 

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