EurAsEC Bailout Loan: Belarus Challenged to Raise Refinancing Rate
OREANDA-NEWS. December 22, 2011. Belarus will get a second tranche worth U.S. USD 440 million of the EurAsEC bailout loan, as soon the National Bank of Belarus raises the refinancing rate to match the level of inflation, EurAsEC Bailout Fund coordinator Sergey Shatalov said.
The Council of the EurAsEC Financial Bailout Fund on November 28 gave the green light to providing
To get the second tranche of the bailout loan, the Government of Belarus was supposed to meet 10 targets, Shatalov said. The only target remaining, according to the Russian official, is the real value of borrowing on the financial market.
According to the financial regulations of the EurAsEC Bailout Fund, the borrower must make sure the refinancing rate matches the level of inflation, Shatalov said.
The National Bank of
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