Другие материалы рубрики «English»
- Belarus continues to demand removal of all trade barriers within Eurasian Economic Union
Mr. Lukashenka said that while Kazakhstan and Russia seemed to have no objections to free trade regime exceptions, Belarus viewed them as unacceptable.
- Lukashenka says that Belarus seeks normal relations with European Union, United States
Belarus will try to establish normal relations with the European Union and the United States
- Lukashenka pledges to impose no restrictions on foreign reporters' work during world hockey championship
- Lukashenka: Ukraine's Verkhovna Rada is “absolutely legitimate body”
- Lukashenka says that he will soon make candidates for top managerial positions in private companies subject to approval by local governments
- Opposition activist Maksim Vinyarski sentenced to 12 days in jail
- Lukashenka: Any calls for coup will be nipped in bud
- Leader of Belarusian Popular Front warns of Russia's possible military intervention in Belarus
- Images of Slucak sashes appear on commemorative coins, stamps
- Opposition activist Uladzimir Yaromenak released on completion of three-month jail term
- Given Maidan protests, Belarusian opposition forces’ priority should be to prove that they want peaceful change, activist says
- Writer Svyatlana Aleksiyevich presents her new work at international book fair in Minsk
EurAsEC Anti-crisis Fund approves loan tranche for Belarus
The Board of the Eurasian Economic Community (EurAsEC)'s Anti-crisis Fund, at a meeting in Minsk on December 7, approved the disbursement of another $440-million tranche of its $3-billion stabilization loan for Belarus.
"A positive decision was made. We believe all of the documents needed for the decision had been prepared," Russian Finance Minister Anton Siluanov told reporters in the Belarusian capital.
The minister said that the decision to make available another portion of the loan to Minsk amid reports that it had failed to fulfill some of the conditions attached to the loan was not politically motivated. "I can assure you that there is no politics [behind the decision], this is pure economy," he said.
Mr. Siluanov insisted that Belarus had fulfilled all conditions for receiving the tranche. He added that some of the conditions had been "adjusted."
The minister said that Belarus' failure to raise $2.5 billion through privatization this year, one of the loan's terms, had not influenced the decision to disburse the tranche. "The matter of privatization is a matter of the next stage of the program's implementation. We will consider it next year," he said.
Mr. Siluanov said that the "money will arrive in the near future."
The Russian finance minister's remarks were in stark contrast to what he said as recently as last week, when he accused Belarus of failing to meet all conditions for receiving the next tranche.
Approved by the board of the EurAsEC Anti-crisis Fund on June 4, 2011, the stabilization loan for Belarus was aimed at supporting the country's efforts to improve its balance of payments. The 10-year loan was to be disbursed in six tranches within three calendar years.
The loan has a grace period of three years and carries a floating interest rate set on the basis of the reference rates of the Russian Federation and Kazakhstan.
The first, $800-million tranche of the loan was made available to Belarus in June 2011. Another portion, $440 million, was provided in late December. Belarus received the third, $440-million tranche in mid-June 2012. //BelaPAN