Belarus’ govt raises lending ceiling for Development Bank by 1.6% in 2020 to Br1.739bn
<p> MINSK, Oct 21 - PrimePress. The government of Belarus raised the lending ceiling for the Development Bank of the Republic of Belarus OJSC in 2020 by 1.6% to Br1.739 billion ($675.016 million at the exchange rate of the National Bank of Belarus), and revised the directed lending limits for state programs in 2020, as per government resolution No.598 of October 20, 2020 posted on the National Legal Internet Portal on October 21, 2020. </p> <p> </p> <p> The total amount of non-directed lending to the economy increased by Br27.4 million ($10.691 million) to Br832.88 million ($324.975 million). As much as Br4.21 million ($1.642 million) will be allocated to the Capital Construction Management of the Vitebsk Regional Executive Committee; Br13.19 million ($5.146 million) to Minsk Dairy Plant No.1 JSC, Savushkina Pushcha JSC, Sporovo JSC, AgroSoly Collective Farming Unitary Enterprise and Gudogai Collective Farming Unitary Enterprise under livestock production investment projects; Br10 million ($3.901 million) to the Minsk Subway Construction Directorate. </p> <p> </p> <p> The resolution lowered the ceiling of state lending to the subprogram ‘Development of Civil Aviation of the Republic of Belarus’ by Br11.29 million ($4.405 million). The funds were allocated to Minsk Civil Aviation Plant No.407. The lending ceiling under president’s directives was raised by Br11.29 million ($4.405 million) to Br718.59 million ($280.381 million). The funds will go to Belmedsteklo OJSC for an investment project in accordance with the presidential decree of September 3, 2020. </p> <p> </p> <p> The resolution entered into force upon its publication. </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 (Br2.5629/$1) </p>
2020-10-22
Primepress
Belarus’ govt raises lending ceiling for Development Bank by 1.6% in 2020 to Br1.739bn
MINSK, Oct 21 - PrimePress. The government of Belarus raised the lending ceiling for the Development Bank of the Republic of Belarus OJSC in 2020 by 1.6% to Br1.739 billion ($675.016 million at the exchange rate of the National Bank of Belarus), and revised the directed lending limits for state programs in 2020, as per government resolution No.598 of October 20, 2020 posted on the National Legal Internet Portal on October 21, 2020.
The total amount of non-directed lending to the economy increased by Br27.4 million ($10.691 million) to Br832.88 million ($324.975 million). As much as Br4.21 million ($1.642 million) will be allocated to the Capital Construction Management of the Vitebsk Regional Executive Committee; Br13.19 million ($5.146 million) to Minsk Dairy Plant No.1 JSC, Savushkina Pushcha JSC, Sporovo JSC, AgroSoly Collective Farming Unitary Enterprise and Gudogai Collective Farming Unitary Enterprise under livestock production investment projects; Br10 million ($3.901 million) to the Minsk Subway Construction Directorate.
The resolution lowered the ceiling of state lending to the subprogram ‘Development of Civil Aviation of the Republic of Belarus’ by Br11.29 million ($4.405 million). The funds were allocated to Minsk Civil Aviation Plant No.407. The lending ceiling under president’s directives was raised by Br11.29 million ($4.405 million) to Br718.59 million ($280.381 million). The funds will go to Belmedsteklo OJSC for an investment project in accordance with the presidential decree of September 3, 2020.
The resolution entered into force upon its publication.
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 (Br2.5629/$1)