Belarus’ Development Bank to increase funding for state programs in 2021 by 19.1% to Br1.244bn
<p> MINSK, Jul 29 - PrimePress. The Belarus Development Bank (BDB) will increase funding for government programs and activities in 2021 by 19.1% in comparison with the previously approved amount to Br1.244 billion ($493.28 million at the rate of the National Bank of Belarus), as per government resolution No.427 of Jul 28, 2021 published on the National Legal Internet Portal. </p> <p> </p> <p> The amount of financing will be increased by Br200 million ($79.31 million; $1 = Br2.5216), or 40% to Br700 million ($277.6 million), which will be spent on the purchase of machinery and equipment for leasing in H1 2021. </p> <p> </p> <p> The Development Bank of the Republic of Belarus was established in 2011 by presidential decree No.261 of June 21, 2011 to increase the efficiency of projects included in government programs, reduce the time of their implementation and cost recovery. It finances government programs on its own behalf and at its own expense on terms of urgency, payment and repayment. The state holds 96.224% in the bank’s statutory capital. End </p> <p> </p>
2021-07-30
Primepress
Belarus’ Development Bank to increase funding for state programs in 2021 by 19.1% to Br1.244bn
MINSK, Jul 29 - PrimePress. The Belarus Development Bank (BDB) will increase funding for government programs and activities in 2021 by 19.1% in comparison with the previously approved amount to Br1.244 billion ($493.28 million at the rate of the National Bank of Belarus), as per government resolution No.427 of Jul 28, 2021 published on the National Legal Internet Portal.
The amount of financing will be increased by Br200 million ($79.31 million; $1 = Br2.5216), or 40% to Br700 million ($277.6 million), which will be spent on the purchase of machinery and equipment for leasing in H1 2021.
The Development Bank of the Republic of Belarus was established in 2011 by presidential decree No.261 of June 21, 2011 to increase the efficiency of projects included in government programs, reduce the time of their implementation and cost recovery. It finances government programs on its own behalf and at its own expense on terms of urgency, payment and repayment. The state holds 96.224% in the bank’s statutory capital. End