MINSK, 28 March (BelTA) – The Belarusian Finance Ministry and the Eurasian Development Bank (EDB) have signed an agreement on a $2 billion loan, BelTA learned from the Finance Ministry's website.
Representatives of the Belarusian Finance Ministry and the Eurasian Development Bank signed the agreement on providing a financial loan out of money of the Eurasian Fund for Stabilization and Development (EFSD) in Moscow on 25 March.
The agreement provides for allocating $2 billion to support economic policy measures and structural changes of the Belarus government and the central bank in 2016-2018. The economic policy measures and structural changes were approved by the Council of the Eurasian Fund for Stabilization and Development on 25 March 2016.
The loan will be made available as individual tranches. Each will be granted for a period of ten years, with a grace period of five years. The first tranche to the tune of $500 million is expected to be transferred to Belarus' budget within the next few days.
