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Dialogue for security. The official site of non-governmental  association ]]> Foreign Policy and Security Research center ]]> (Minsk, Belarus)

Belarus to raise €37-40m grants into new eco projects

MINSK, 17 January (BelTA) – In the next five years Belarus plans to raise €37-40 million worth of international grants into new environmental projects, BelTA learnt from chief of the international cooperation department of the Natural Resources and Environmental Protection Ministry of Belarus Alexander Rachevsky.

Belarus actively cooperates with international organizations that provide grants for environmental projects. “The environmental block of the technical aid is estimated today at €37-40 million. This money is provided for specific projects that have already been discussed and are ready for implementation,” Alexander Rachevsky said. They are to be implemented with the help of the European Union, World Bank, UNDP, IAEA, World Meteorological Organization and donor countries, like Sweden and Norway.

The major condition for getting international grants is, first of all, excellent preparation of projects. The projects should be relevant. Professionalism of negotiators plays a great role, too, the representative of the ministry said.

Much effort is invested into raising foreign direct investments into environmental projects. The effort is crucial for the national economy today. “There are investors who are ready to come, but there are also a number of risks that should be eliminated. We need to streamline the legislation, the taxation system, and come up with a clear-cut action plan,” he said. Alexander Rachevsky believes that apart from preferences, investors need government safeguards.

Foreign companies are most keen on investing in power engineering, agriculture, chemical industry, medicine, and food industry of Belarus. The interest in projects associated with environmental protection is weaker, except for projects to promote alternative energy. “Investments need high profits, while investing into eco-friendly technologies is extremely costly. The only payoff is a better environment. However, many big companies do care about environment, for them it is not about profits, but rather about image,” Alexander Rachevsky said.

External source of this news: http://news.belta.by/en/news/society?id%3D671958
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