Belarus gets $300m tranche of Eurasian Stabilization and Development Fund
The third tranche of the Eurasian Stabilization and Development Fund's loan has been transferred to Belarus. Its size is $300 million.
According to the Ministry of Finance of Belarus, the country has fulfilled all the conditions for obtaining this money.
The agreement on granting Belarus the loan was signed in March. The total amount of the loan is $2 billion. It will be transferred in seven tranches to support the economic policy and structural changes in Belarus.
Belarus not turning away from Russia, President Lukashenko says
Belarus and the Nizhny Novgorod region aim to increase turnover to 1 billion dollars. On April 20, Belarus President Alexander Lukashenko met with the governor of that Russian region Valery Shantsev.
Cooperation of Belarus with Russian regions is the basis of relations between the countries as a whole. This was underlined during the recent talks between the leaders of Belarus and Russia in St. Petersburg.
April 20 Alexander Lukashenko commented on the materials of some Russian media about the relations between Belarus and Russia.
Belarus to take part in IMF, WB spring session in Washington
Belarus will participate in the spring session of the International Monetary Fund and the World Bank in Washington, which starts on April 19. The Belarusian delegation includes the heads of the National Bank, the Ministry of Economy, the Ministry of Finance, and the Ministry of Foreign Affairs.
It is expected that they will meet with representatives of the international financial organizations and hold negotiations on the conditions for granting financing to Belarus.
Belarus and Russia union worth more than any economic disputes
Belarus and Russia have resolved all outstanding issues in the bilateral relations. This became known after the talks between Alexander Lukashenko and Vladimir Putin. The Presidents discussed a wide range of topics: from agricultural policy to the international agenda.
There is an agreement that Russia will refinance the debt of Belarus.
Vladimir Putin, President of the Russian Federation:We agreed that we would resolve all our disputes in the oil and gas sector. Actually, it's better to say we have already resolved them.
Belarus President meets with IMF mission head Peter Dohlman
Prospects of cooperation between Belarus and the International Monetary Fund were discussed in Minsk on March 16.
Alexander Lukashenko met with the head of the IMF mission in the country by Peter Dohlman.
At the moment, consultations continue with this financial organization. Experts point out that the budget for 2017 meets the requirements for the start of the new joint program.
Belarus Finance Ministry pins hopes on EFSD loan
Belarus hopes for a positive decision on the allocation of the next tranche of a loan by the Eurasian Fund of Stabilization and Development. According to the Ministry of Finance of Belarus, the country has fulfilled 21 out of 22 conditions necessary to take out the loan.
The program of cooperation was signed by Belarus and the Eurasian Development Bank in March 2016. The agreement provides for the allocation of $2 billion. The funds will be provided in seven parts.
IMF technical mission on state-owned enterprises starts work in Belarus
A technical mission of the International Monetary Fund has started work in Belarus. Currently the sides are discussing the possibility of a three-year cooperation program that would be supported by a loan of $3 billion for 10 years.
The IMF puts forward a number of requirements in order for the loan to be issued.
The technical mission on state-owned enterprises has arrived in Belarus on the invitation of the Government and the National Bank.
What IMF loan could mean for Belarus?
Belarus holds very important talks with the International Monetary Fund about a new loan program. There’s a possibility to get three billion dollars and the interest rate is beneficial. However, the IMF has very strict requirements, as usual. However, they are negotiating to find a compromise.
The idea of creating the International Monetary Fund came at a UN conference in 1944. The member countries have decided to create a common money-box from which anyone can borrow in order to avoid a serious crisis.
Vladimir Amarin: Belarus' cooperation with China is acquiring credit and investment nature
During the current state visit of the Belarus President to China the two nations plan to sign about 30 documents in all areas.
On the eve of the arrival of Alexander Lukashenko a Belarusian delegation composed of members of government, heads of ministries and departments, directors of major industrial enterprises arrived in the capital of China. They already have held a number of fruitful meetings and talks with Chinese partners.
$3bn loan in question: IMF mission in Belarus
The mission of the International Monetary Fund discusses a new loan program in Belarus.
The mission officially began its work in Belarus on September 21. The experts will be meeting with a number of government representatives until October.
Peter Dolman, Head of the IMF mission in Belarus:The aim of that mission is the discussion of the economic policy that could be supported in the framework of the credit mechanism.
Loan program’s discussion: IMF mission starts work in Belarus
The mission of the International Monetary Fund discusses a new loan program in Belarus. The mission officially began its work in Belarus on September 21. The experts will be meeting with a number of government representatives until October. The estimation of the economic processes in Belarus will be given.
The IMF insists on implementing a number of reforms. If the decision will be favorable, the funds will be invested in these reforms.
Loans in Belarus may cheapen after refinancing rate lowers
The Belarus National Bank has lowered the refinancing rate from 20% to 18%.
This is the fourth decline in the refinancing rate from the beginning of 2016. It is expected that this will lead to cheaper loans. Usually, rate of loans that individuals and legal entities can get depends on the refinancing rate.
European Bank for Reconstruction and Development allocates $20 million to Belarus
$20 million for small business loans: the European Bank for Reconstruction and Development (EBRD) has allocated Belarusian colleagues a syndicated loan.
Among the investors are several financial institutions from Germany and the Netherlands.
Head of the EBRD office in Belarus called the deal a breakthrough agreement, as the parties have moved from words to actions.
Belarusian bank gets loans worth 22 million euros from European banks
European partners have provided the Belarusian bank with loans. Leading banks from Germany, Switzerland, Italy, Hungary and Albania have issued loans for Belarus which total amount is more than 20 million euros.
This is the first syndicated loan Belarus has attracted in eight years. The 22 million euros will go to one of Belarusian banks.
The feature of this type of loan is that it is provided by several financial companies and in different proportions.
Alexander Lukashenko, World Bank's Cyril Muller discuss new cooperation road map
A road map of cooperation with the World Bank needs to be effective. Alexander Lukashenko on June 2 discussed the future projects with the World Bank Vice-President for Europe and Central Asia.
To improve the quality of life is the overall goal of the Belarusian state and the World Bank, the world's largest financial structure.
Downward interest rate trend in Belarus to remain
Downward interest rate trend on credit in Belarus is to remain. The National Bank of the Republic of Belarus believes in the further reduction of the interest rates, with the latter having changed on 1 May, 2016 to 22% per annum now.
Decree of the President on housing construction to come into effect on March, 1
The Decree of the President concerning some changes in the norms of the Belarusian housing construction will come into effect on March, 1.
Previously, orphaned children could get preferential loans on a general basis, but now they are first in line.
Also, there will be some changes in loans for the families that have lived in dormitories for more than ten years. All in all, there appeared five million m2 of housing in 2015, four will appear in 2016.
In total, preferential loans for housing amounted to seven trillion rubles.
Belarus to continue talks with IMF over $3 bn loan
The Belarusian President met February 8 with the Minister of Foreign Affairs to talk over the strategy and tactics of Belarusian foreign policy. It is necessary to develop cooperation both in the west and in the east, especially with partners in the framework of integration associations.
Alexander Lukashenko demands efficient use of China's $7 billion loan
The Belarus Government should work harder on developing projects in line with Chinese loan of $7 billion, said President Alexander Lukashenko hearing out a report of the Foreign Minister, Vladimir Makei.
The Head of State stressed that it is very good money for Belarus, especially now. These funds can be used to finance many projects.
Are IMF's loan requirements to Belarus sensible?
President Lukashenko constantly orders to look for new markets in new regions of the world. Not only for milk products. Belarus does have some potential here. This is confirmed by the conclusions of experts of all kinds and ratings. At times, these ratings due to some tasks.
The Belarus President this week held a meeting in Minsk to discuss the possible IMF loan.
Belarus not against IMF's reform proposals, mulling over timing
Balanced approach and respect for the national interests. This is the position voiced today, December 1, by the Belarus President at a meeting to discuss the expanded program with the IMF. Belarus is in talks with the Fund to attract $3 billion for 10 years. But the IMF has some requirements Belarus needs to comply with.
Belarus wants IMF loan, calls on respect for national interests
Belarus is interested in the loan of the International Monetary Fund in accordance with national interests, said on December 1 President Alexander Lukashenko at the meeting on the progress of negotiations on the program with the IMF Extended Fund Facility. Belarus would like to attracting a loan of $3 billion for 10 years. The IMF demands that Belarus carries out some reforms in its economy.
Development Bank of Belarus gets 118 million euro loan from Russian, European counterparts
The Development Bank of Belarus got a large loan from Russian and European counterparts. The price of the issue is 118 million euros.
Financing the syndicated loan are over 10 financial institutions. This type of lending is fairly new for our country.
This is the second such transaction but experts believe that Belarus' entrance to the international market for such loans will push for development and other forms of financial cooperation between the Belarusian, Russian and European banks.
Belarus to get China's Eximbank loan worth over $1 billion
Belarus has concluded a loan agreement with China's Eximbank worth more than $1 billion. This was announced on May 11 by the Prime Minister of Belarus at the meeting with the chairman of the bank.
The Prime Minister stressed that Xi Jinping's current visit to Belarus is historic.