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EFSD expects report on results of program with Belarus by 31 December

Economy 29.11.2019 | 19:00

MOSCOW, 29 November (BelTA) – The Eurasian Fund for Stabilization and Development (EFSD) looks forward to receiving a final report on results of implementing its program with Belarus by 31 December, BelTA learned from Andrei Shirokov, Managing Director of the EFSD Project Unit, on the sidelines of the 14th international conference Eurasian Economic Integration on 29 November.

In line with the credit agreement Belarus is supposed to submit the final report on results of the program by 31 December 2019. The EFSD intends to receive an audited report on money transfers in Q1 2020. “After that the final report on the program will be submitted for consideration of the EFSD Council,” Andrei Shirokov said.

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 received six out of seven intended tranches to the tune of $1.8 billion in total before the financial loan's availability period ended on 30 June 2019.

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