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Monday, 04 March 2019 11:15

Belarus will always be a reliable partner for the European Bank for Reconstruction and Development - Lukashenko

Belarus will always be the right partners for the European Bank for Reconstruction and Development. Said President of Belarus Alexander Lukashenko said today during a meeting with President of the European Bank for Reconstruction and Development Sumo Chakrabarti, BelTA has learned.

The head of state stressed that Belarus will always faithfully fulfill the agreements that are concluded with the bank. Alexander Lukashenko thanked the EBRD leadership for the attention that the bank pays the country. Dynamics of cooperation over the past year increased significantly, the EBRD's investments doubled.

Alexander Lukashenko emphasized the bank's role in the implementation of important projects, from which the quality of life depends to a considerable extent. "I want to note the projects are related to the area of ​​housing and public works, to improve the quality of drinking water (this is very important for us), the construction of roads, bridges repairs that we have in many localities require it urgently. It is vitally important projects for our state, "- said the President.

The Head of State assured that the advice, suggestions and EBRD assistance for the implementation of the privatization process in Belarus are of great importance, as well as the support of the bank's small and medium-sized businesses. "We are part of the State had not been able to carry out such support you've come to Belarus and supported our business This is a great contribution to the future of Belarus..", - said Alexander Lukashenko.

The President proposed to hold the amount of Chakrabarti is planned for the year 2022 a regular meeting of the Board of Governors in Belarus and promised to arrange it at the highest level.

Sum Chakrabarti, in turn, thanked for the warm words ". It is a great pleasure and honor to be present at the meeting This is our third meeting, and I would be happy to attend such meetings more often, as our relations exhibit a constant strengthening and improvement."

EBRD President said that there are various ways that allow you to assess the dynamics of Belarus' relations with the bank. "Of course, the volume of investments -. This is one of those ways do you correctly noted, last year investment soared to nearly $ 400 million This is an excellent indicator of Belarus today is in the top ten, with whom we work, however, the goal is to... that Belarus is one of the top five leaders in the coming years ", - he said.

BelTA reported, the European Bank for Reconstruction and Development in 2018 in Belarus financed 21 projects worth over 360 million euros. This is the best result for all the work of the bank in the country.

Among the key promising projects of the bank in Belarus - a pilot project for the modernization of residential buildings to improve their energy efficiency. Together with the government, the Bank expects a new approach on corporate governance in the public sector.

In 2018, about 2/3 of the total volume of transactions had on the private sector, and the rest - in the public sector. This proportion the bank intends to stick to in the five-year term, private sector development remains a priority for the bank.

In particular, the largest municipal loan of 84 million euros, "Minskvodokanal" was allocated in 2018, € 5 million - for the company for solid waste management in Pukhovichi and Cherven district, Minsk region, as well as 42 million euros - the completion of the reconstruction of the Moscow Ring Road-2.

In the private sector have signed a credit agreement with a whole range of foreign and domestic companies: 50 million euros from the manufacturer chipboard and furniture IOOO "VMG Industry", at 20 million euros with furniture manufacturer IOOO "Mebelain" at 20 million euros with "Eurotorg ". In 2018 the EBRD became a shareholder of an agricultural holding "Servolux", as well as provided a loan of 5 million euros pharmaceutical holding "groups Pharmacy".

In the banking sector the EBRD's continued cooperation with "Belinvestbank", giving him credit for 50 million euros. Work has begun on loans in Belarusian rubles.

The EBRD has supported the development of renewable energy in the country, to finance the construction and commissioning of four biogas power plant in Grodno and Brest region.

European Bank for Reconstruction and Development Bank has launched an action plan "Green City" for Minsk, which will help to identify activities and investments to address priority environmental problems.

The government and the EBRD signed a memorandum of understanding regarding the pre-privatization assistance to JSC "Krinitsa" in 2018-2020 years.

EBRD - multilateral banks, promoting the private sector and entrepreneurial initiative in the 38 Economy on three continents. owned by 67 countries and the EU and the European Investment Bank. Since the beginning of its activities in Belarus in 1992, the EBRD has invested over € 2.4 billion in 115 projects in various sectors of the economy of the country.

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