MINSK, 16 March (BelTA) – Belarus expects to borrow about $1.1 billion from the Eurasian Fund for Stabilization and Development (EFSD) in 2016, BelTA learned from Taras Nadolny, First Deputy Chairman of the National Bank of the Republic of Belarus (NBRB), on 16 March.
“We plan to get about $1.1 billion within the framework of interaction with the Eurasian Fund for Stabilization and Development this year,” noted the official.
On the last day of February Belarusian Finance Minister Vladimir Amarin told media that the loan from the Eurasian Fund for Stabilization and Development would become reality within the next week or two. The Minister did not go into details of the credit agreement.
BelTA reported earlier that in H1 2015 Belarus contacted the EurAsEC Anticrisis Fund (which is now known as the Eurasian Fund for Stabilization and Development) for a new loan as large as $3 billion. In the course of negotiations the previously mentioned sum of $3 billion dropped to $2 billion.
In 2015 Russia lent $110 million to Belarus for the sake of paying interest on the Russian loan that Belarus received in 2010. Apart from that, in July 2015 the Belarusian Finance Ministry received $760 million as a Russian state loan for servicing and paying the loans previously issued to Belarus by Russia and the Eurasian Fund for Stabilization and Development.
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