EBRD increases financing programs in Belarus by 140% in Jan-Jun 2020 to €160m
<p> MINSK, July 22 - PrimePress. The European Bank for Reconstruction and Development (EBRD) increased funding of programs in Belarus in January-June 2020 by 140% year on year to 160 million euros in response to the needs of developing economies that are overcoming the impacts of the coronavirus pandemic, the bank reports. </p> <p> </p> <p> The economic impacts of COVID-19 on the EBRD regions have been severe. In its latest forecast in May, the bank warned about unprecedented uncertainty. </p> <p> </p> <p> EBRD’s investments in the 38 operating countries increased in January-June 2020 by 35% year on year to €5 billion. </p> <p> </p> <p> The EBRD plans to allocate €21 billion in 2020-2021 to help overcome the consequences of the coronavirus pandemic in the said countries. </p> <p> </p> <p> The European Bank for Reconstruction and Development is an international financial institution headquartered in London, created to support the economic transformations in Central and Eastern Europe. Since the start of its operations in Belarus in 1992, the EBRD has invested €2.9 billion in 134 projects in various sectors of the country’s economy. In 2016 the EBRD adopted a new strategy for operations in Belarus in 2016-2019. The document abolished the calibrated approach, which restricted EBRD operations with the public sector. Belarus and the EBRD have been implementing a number of projects in the financial sector, utilities industry, and transport infrastructure. End </p>
2020-07-23
Primepress
EBRD increases financing programs in Belarus by 140% in Jan-Jun 2020 to €160m
MINSK, July 22 - PrimePress. The European Bank for Reconstruction and Development (EBRD) increased funding of programs in Belarus in January-June 2020 by 140% year on year to 160 million euros in response to the needs of developing economies that are overcoming the impacts of the coronavirus pandemic, the bank reports.
The economic impacts of COVID-19 on the EBRD regions have been severe. In its latest forecast in May, the bank warned about unprecedented uncertainty.
EBRD’s investments in the 38 operating countries increased in January-June 2020 by 35% year on year to €5 billion.
The EBRD plans to allocate €21 billion in 2020-2021 to help overcome the consequences of the coronavirus pandemic in the said countries.
The European Bank for Reconstruction and Development is an international financial institution headquartered in London, created to support the economic transformations in Central and Eastern Europe. Since the start of its operations in Belarus in 1992, the EBRD has invested €2.9 billion in 134 projects in various sectors of the country’s economy. In 2016 the EBRD adopted a new strategy for operations in Belarus in 2016-2019. The document abolished the calibrated approach, which restricted EBRD operations with the public sector. Belarus and the EBRD have been implementing a number of projects in the financial sector, utilities industry, and transport infrastructure. End