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Belarus wants to bring Belinvestbank deal with EBRD to a close

Economy 03.12.2019 | 12:28

MINSK, 3 December (BelTA) – The Belarusian government would like to bring the Belinvestbank deal with the EBRD to its logical end, Belarus Prime Minister Sergei Rumas said as he met with EBRD First Vice President Jurgen Rigterink in Minsk on 3 December, BelTA has learned.

The privatization of Belinvestbank was discussed by the Belarusian prime minister and Jurgen Rigterink in London on 22 November. “On our return to Minsk, we looked into the DCF method. I would like to discuss the approaches to the Belinvestbank deal and also the issues we discussed at the meeting in London. Once again I would like to assure you that the government of Belarus is interested in following this deal to the logical end,” he said.

The head of government also offered to discuss possible future projects of the EBRD in Belarus. Today, projects in housing, utilities, energy and energy efficiency are in the works. The EBRD first vice president is set to visit the Free Economic Zone Minsk to explore the initiative to build its energy infrastructure. “This is a very important project for us. Without infrastructure it is difficult to continue the work to attract private investors to the free economic zones,” the prime minister said.

The EBRD is a multilateral bank fostering the development of the private sector and entrepreneurship initiatives. The bank's shareholders are 69 countries, as well as the European Union and the European Investment Bank. The EBRD is the largest institutional investor in the Belarusian economy. Since the start of its operations in Belarus in 1992, the EBRD has invested almost €2.7 billion in 119 projects in various sectors of the country's economy.

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