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European Bank for Reconstruction and Development to strengthen its financial presence in Belarus

The European Bank for Reconstruction and Development is to strengthen its financial presence in Belarus. This is one of the major investors which has activated cooperation with Belarus in the last couple of years. As many as 200 million euros are invested annually.

The Bank finances major projects in the sphere of housing and utility services. One of the brightest examples of cooperation is the organization Stadler production, Fast Light Innovative Regional Trains.

Alexander Lukashenko, President of the Republic of Belarus:
Being a full member of the European Bank for Reconstruction and Development, Belarus has always been against unneeded barriers, special approaches, other factors, which hold back our cooperation and common ground. This is the platform that we have today. Belarus has been cooperating with the European Bank for Reconstruction and Development for 20 years now. During this period about $2 bln were invested into Belarus’ economy. The amount is not small, mentioning the fact that the investments were made into the most perspective and successful projects, as the Stadler plant in Fanipol or woodworking enterprise “Kronospan”. I suppose, that within the present strategy we will be able to cooperate more widely in the state sector, which I’m sure will produce good results, and will open new perspectives. Development of all forms of ownerships, both state and private, is Belarus’ priority. I am grateful that you understand this and you don’t have anything against it.

The European Bank for Reconstruction and Development is a financial organization with more than a quarter of century’s history. The headquarters are a located in London, and the Bank’s shareholders are in as many as 65 countries. The organization was created for economic support in Central and Eastern Europe.

Philip Bennett, First Vice President of the European Bank for Reconstruction and Development:
We will continue our cooperation with Belarus, just as we have been doing it for the last years. The Bank will primarily support the private sector. We are also planning to build up our investment presence in transport sector, and in the housing and public utilities. We are going to take part in building the M10. We were also offered projects, which are not connected with the bank sector, but we will look into them in the nearest future.

The Bank adopted an essentially new working strategy with Belarus last year. All the restrictions concerning cooperation with the state sector were lifted in the document.

Photo taken from the Official Internet Portal of the President of the Republic of Belarus.

European Bank for Reconstruction and Development to strengthen its financial presence in Belarus