MINSK, 27 September (BelTA) – The European Bank for Reconstruction and Development (EBRD) does not rule out its pre-privatization support to Bank Moscow-Minsk, Head of the EBRD Office in Belarus Francis Delaey said on 27 September, BelTA has learned.
According to Francis Delaey, one of the cooperation areas between the European Bank for Reconstruction and Development and the Belarusian government is the work with state-run companies. “An important example is a pre-privatization support of Belinvestbank. We use the example of Belinvestbank to discuss with the government the same opportunity for Bank Moscow-Minsk,” he noted.
The EBRD and the Government of Belarus signed a memorandum of understanding during the EBRD Annual Meeting in Tbilisi on 13 May 2015. Under the document, the EBRD will provide extensive support in Belinvestbank privatization through pre-privatization assistance and the sale of state shares.
In 2015 following the integrated assessment of Belinvestbank the EBRD allocated €50 million to the bank for the projects related to SMEs financing and also under the trade facilitation program. On 27 September 2016 the European Bank for Reconstruction and Development and Belinvestbank signed two new credit agreements: a €8 million credit agreement as part of the Belarus Sustainable Energy Finance Facility (BelSEFF) and a €2 million loan under the EBRD's Women in Business program.
