Belarus counts on prompt provision of EBRD funding for banks and real sector, requests to cut rates
<p> MINSK, May 14 - PrimePress. Belarus requests the European Bank for Reconstruction and Development (EBRD) to cut interest rates and speed up the provision of funding for banks and the country’s real sector. This follows from the statement made by Belarusian Prime Minister Sergey Rumas during a video conference with EBRD President Suma Chakrabarti on May 14. </p> <p> </p> <p> Rumas suggested that the EBRD should consider options to reduce the cost of funding to provide more affordable loans to the real economy sector, as reported by the press-service of the Belarusian government. “We are ready to provide additional protective measures to reduce the cost of borrowing. I am sure that we will be able to find compromise solutions,” the prime minister said. </p> <p> </p> <p> “Our big companies such as the Belarusian Railways, Minsk National Airport and others are interested in attracting the floating capital promptly. In the current situation prompt provision of financing is of crucial importance to them,” said Rumas. </p> <p> </p> <p> According to the premier, Belarus hopes to sign a loan agreement with the EBRD to finance the energy infrastructure construction in the Free Economic Zone Minsk. In his words, Belarus’ authorities need EBRD financing to tackle the negative impacts of the pandemic, which includes measures aimed at increasing the capacity of the healthcare system and social security, and also provide support to the real sector. End </p>
2020-05-15
Primepress
Belarus counts on prompt provision of EBRD funding for banks and real sector, requests to cut rates
MINSK, May 14 - PrimePress. Belarus requests the European Bank for Reconstruction and Development (EBRD) to cut interest rates and speed up the provision of funding for banks and the country’s real sector. This follows from the statement made by Belarusian Prime Minister Sergey Rumas during a video conference with EBRD President Suma Chakrabarti on May 14.
Rumas suggested that the EBRD should consider options to reduce the cost of funding to provide more affordable loans to the real economy sector, as reported by the press-service of the Belarusian government. “We are ready to provide additional protective measures to reduce the cost of borrowing. I am sure that we will be able to find compromise solutions,” the prime minister said.
“Our big companies such as the Belarusian Railways, Minsk National Airport and others are interested in attracting the floating capital promptly. In the current situation prompt provision of financing is of crucial importance to them,” said Rumas.
According to the premier, Belarus hopes to sign a loan agreement with the EBRD to finance the energy infrastructure construction in the Free Economic Zone Minsk. In his words, Belarus’ authorities need EBRD financing to tackle the negative impacts of the pandemic, which includes measures aimed at increasing the capacity of the healthcare system and social security, and also provide support to the real sector. End