Belarus hopes to draw additional funding from OPEC Fund for health/ infrastructure projects
<p> MINSK, Jun 17 - PrimePress. Belarus expects to attract additional funding from the OPEC Fund for healthcare and, in the long term, for infrastructure projects. Deputy Minister of Economy Dmitry Yaroshevich made a statement to this effect in a report presented in the lower chamber of Belarus’ parliament on 17 June. </p> <p> </p> <p> “In 2020 during the COVID-19 pandemic the OPEC Fund came forward with the initiative to provide assistance to our country with overcoming negative consequences of the pandemic. On 24 December 2020 a credit agreement to the tune of $20 million was signed with the OPEC Fund. The money will be spent on financing measures in the sphere of healthcare.” There are plans to continue the dialogue with the fund in 2021 to discuss the provision of additional funding for the healthcare system. Later on work will continue on raising credit resources for financing priority infrastructure projects, Yaroshevich said. </p> <p> </p> <p> In his words, the money is allocated on rather comfortable terms – for a period of 18 years with the effective interest rate of 4% per annum. </p> <p> </p> <p> Yaroshevich said: “In compliance with instructions of the head of state today we pay close attention to work with the Asian region, Africa, Middle East countries. The diversification of partnership relations and the provision of the foundation for cooperation with the OPEC Fund for International Development are valuable for Belarus.” </p> <p> </p> <p> The Framework Agreement between Belarus and the OPEC Fund for International Development was signed on February 3, 2021. The document secures mechanisms of cooperation between Belarus and the OPEC Fund and regulates its investment activities in the Republic of Belarus. End </p>
2021-06-18
Primepress
Belarus hopes to draw additional funding from OPEC Fund for health/ infrastructure projects
MINSK, Jun 17 - PrimePress. Belarus expects to attract additional funding from the OPEC Fund for healthcare and, in the long term, for infrastructure projects. Deputy Minister of Economy Dmitry Yaroshevich made a statement to this effect in a report presented in the lower chamber of Belarus’ parliament on 17 June.
“In 2020 during the COVID-19 pandemic the OPEC Fund came forward with the initiative to provide assistance to our country with overcoming negative consequences of the pandemic. On 24 December 2020 a credit agreement to the tune of $20 million was signed with the OPEC Fund. The money will be spent on financing measures in the sphere of healthcare.” There are plans to continue the dialogue with the fund in 2021 to discuss the provision of additional funding for the healthcare system. Later on work will continue on raising credit resources for financing priority infrastructure projects, Yaroshevich said.
In his words, the money is allocated on rather comfortable terms – for a period of 18 years with the effective interest rate of 4% per annum.
Yaroshevich said: “In compliance with instructions of the head of state today we pay close attention to work with the Asian region, Africa, Middle East countries. The diversification of partnership relations and the provision of the foundation for cooperation with the OPEC Fund for International Development are valuable for Belarus.”
The Framework Agreement between Belarus and the OPEC Fund for International Development was signed on February 3, 2021. The document secures mechanisms of cooperation between Belarus and the OPEC Fund and regulates its investment activities in the Republic of Belarus. End