Belarus draws $634.6m in energy-saving credits from international financial institutions in 2002-2021
<p> MINSK, Nov 11 – PrimePress. Over the period of 2002-2021, Belarus has attracted about $634.6 million in loans from international financial institutions to implement five projects in energy saving, said Vladimir Shevchenok, deputy head of the office of science and technology policy and foreign economic ties at the Department for Energy Efficiency. </p> <p> </p> <p> Amid the shortage of financial resources of the regional administrations, the department has carried out consistent work to attract funds from international financial organizations for the investment projects in energy saving, said Shevchenok. </p> <p> </p> <p> In his words, for almost 20 years international financial organizations have been supporting Belarus’ energy saving efforts by means of providing financial resources for the implementation of “joint social investment projects.” </p> <p> </p> <p> “Interest rates on loans of the International Bank for Reconstruction and Development (IBRD) were significantly lower than the average annual inflation of the dollar and the euro over the past 10 years. Thus, in value terms Belarus will pay back less than it is borrowing today,” said Shevchenok. End </p> <p> </p> <p> </p>
2021-11-12
Primepress
Belarus draws $634.6m in energy-saving credits from international financial institutions in 2002-2021
MINSK, Nov 11 – PrimePress. Over the period of 2002-2021, Belarus has attracted about $634.6 million in loans from international financial institutions to implement five projects in energy saving, said Vladimir Shevchenok, deputy head of the office of science and technology policy and foreign economic ties at the Department for Energy Efficiency.
Amid the shortage of financial resources of the regional administrations, the department has carried out consistent work to attract funds from international financial organizations for the investment projects in energy saving, said Shevchenok.
In his words, for almost 20 years international financial organizations have been supporting Belarus’ energy saving efforts by means of providing financial resources for the implementation of “joint social investment projects.”
“Interest rates on loans of the International Bank for Reconstruction and Development (IBRD) were significantly lower than the average annual inflation of the dollar and the euro over the past 10 years. Thus, in value terms Belarus will pay back less than it is borrowing today,” said Shevchenok. End