EDB examines Belarus’ readiness for fourth tranche of EurAsEC loan

       Experts of the Eurasian Development Bank that manages money of the EurAsEC Anticrisis Fund held several meetings with representatives of the Finance Ministry, the Economy Ministry, the National Bank and other national bodies of Belarus and international financial institutions in Minsk. The meetings were focused on assessing the fulfillment of the conditions for Belarus to get the fourth tranche of the financial loan from the EurAsEC Anticrisis Fund.
      After getting the final report of the Belarus government regarding the fulfillment of the conditions to get the fourth tranche, the Eurasian Development Bank will continue assessing the process, including via consultations with interested agencies in Belarus. The Eurasian Development Bank report on assessing the conditions will be looked into by the Anticrisis Fund Expert Council. After that it will be discussed at a regular session of the Anticrisis Fund Council.
      In June 2011 the EurAsEC Anticrisis Fund Council authorized the allocation of a $3 billion financial loan to Belarus. So far the EBD has transferred three tranches to Belarus: $800 million in June 2011, $440 million in December 2011, and $440 million in June 2012. The Belarusian side expects to get the fourth tranche of $440 million by the end of the year.