MINSK, 10 July (BelTA) – I conveyed Belarus' position on the seventh tranche of the loan to the Eurasian Fund for Stabilization and Development (EFSD) position, Chairman of the Board of the Eurasian Development Bank (EDB) Andrei Belyaninov told the media, BelTA has learned.
Andrei Belyaninov said that the issue of the seventh tranche was raised during his meeting with Belarus Prime Minister Sergei Rumas in May. “He asked me to communicate Belarus' position [to the EFSD], which I did, very meticulously,” he underlined.
Being a management company the EDB administers the money that moves through it but does not make decisions, Andrei Belyaninov explained.
In May, the EDB and OAO Belaruskali signed a $100m loan agreement to help the company finance its working capital and investment program. Andrei Belyaninov stressed that this deal is just the beginning. “At the meeting with Sergei Rumas we discussed joint projects, which are now under development. They are more than six. Everything that we have discussed is in the development,” said Andrei Belyaninov. He also spoke about the cooperation with BelAZ which he expects will be fully restored. According to the EDB head, the plant could become a symbol of the Eurasian space.
BelTA reported earlier that in H1 2015 Belarus requested a loan to the tune of $3 billion from the EurAsEC Anti-Crisis Fund (now known as the Eurasian Fund for Stabilization and Development). The initial sum of $3 billion was reduced to $2 billion after negotiations. Belarus is supposed to receive the money in seven tranches.
Belarusian Finance Minister Maksim Yermolovich earlier states that Belarus fulfilled all the terms of the program with the EFSD.More about Economy