EFSD holds preliminary consultations with Belarus authorities on next credit programme - Podguzov

<p> MINSK, Sep 2 - PrimePress. The Eurasian Fund for Stabilization and Development (EFSD) operated by the Eurasian Development Bank (EDB) holds preliminary consultations with the Belarusian authorities on the content the program matrix of measures that can be supported with an EFSD loan, EDB CEO Nikolay Podguzov told Prime. </p> <p>   </p> <p> “Currently, EFSD representatives are holding preliminary consultations with the Belarusian authorities to fill in the program matrix of measures that can be supported by a potential EDFD financial loan in the medium term. It is still premature to talk about the amount of the loan and the specific timing of its disbursement,” said Podguzov. </p> <p>   </p> <p> The bank does not decide on allocation of funds from the fund. This is the prerogative of the EFSD Council, which includes the finance ministers of the member states, he said. </p> <p>   </p> <p> As previously reported, August 9, President of Belarus Alexander Lukashenko said that he had applied to the Russian leadership for a loan from the Eurasian Development Bank. </p> <p>   </p> <p> In 2020, Belarus received $500 million in EFSD funding to fight COVID-19 and support vulnerable social groups. </p> <p>   </p> <p> The Eurasian Fund for Stabilization and Development (EFSD) is a regional financial tool established in 2009 by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan inn the amount of $8.513 billion. Its purpose is to help overcome crises, ensure long-term sustainability and facilitate integration of national economies of its member states. The fund is generated by contributions made by the member states. The Russian Federation accounts for 90%. The EFSD is managed by the Eurasian Development Bank. End </p>

2021-09-03

Primepress