Lukashenko wants banks to restructure debts and help export-oriented companies
<p> MINSK, Jul 20 - PrimePress. President of Belarus Alexander Lukashenko called on banks to restructure debts of enterprises and provide financial support to export-oriented companies engaged in investment projects. He spoke about this when appointing new members of the NBB Board on Monday, July 20, the presidential press office reports. </p> <p> </p> <p> “Those who have “live” export contracts or who have launched an investment project must be helped. This money is returnable,” Lukashenko said. </p> <p> </p> <p> He instructed to involve local authorities, which know the situation in their regions better. </p> <p> </p> <p> “Communicate with directors and workers. We should give them a helping hand. Do not impose redundant conditions, do pose barriers. Meet them halfway by restructuring debts, at least as a temporary respite. You know that all countries, from the US to China, do that,” said the president. </p> <p> </p> <p> He said that over the past three months, the National Bank has eased many supervisory restrictions and lowered the refinancing rate. </p> <p> </p> <p> “We should go this way carefully and calmly. If we lose factories, enterprises and the people they employ, banks will be next,” Lukashenko said. End </p>
2020-07-20
Primepress
MINSK, Jul 20 - PrimePress. President of Belarus Alexander Lukashenko called on banks to restructure debts of enterprises and provide financial support to export-oriented companies engaged in investment projects. He spoke about this when appointing new members of the NBB Board on Monday, July 20, the presidential press office reports.
“Those who have “live” export contracts or who have launched an investment project must be helped. This money is returnable,” Lukashenko said.
He instructed to involve local authorities, which know the situation in their regions better.
“Communicate with directors and workers. We should give them a helping hand. Do not impose redundant conditions, do pose barriers. Meet them halfway by restructuring debts, at least as a temporary respite. You know that all countries, from the US to China, do that,” said the president.
He said that over the past three months, the National Bank has eased many supervisory restrictions and lowered the refinancing rate.
“We should go this way carefully and calmly. If we lose factories, enterprises and the people they employ, banks will be next,” Lukashenko said. End