OREANDA-NEWS. January 10, 2012. Eurasian Development Bank (EDB) transferred to the Republic of Belarus the second tranche of the financial credit from the resources of EurAsEC Anti-Crisis Fund (ACF), in the amount of USD 440 million. This occurred once Belarus completed the prior conditions and in accordance with the decision of the Fund Council, reported the press-centre of KASE.

On 28 November 2011 the ACF Council approved the disbursement of second tranche of the financial credit upon the fulfillment of the following two conditions:

- Signing of the Decree of the President of the Republic of Belarus on the transfer of non-core assets of the National Bank of the Republic of Belarus (NBRB); and

- Raising by the NBRB in December 2011 of the rates of instruments to provide liquidity in the interbank market by 5 percentage points.

Presidential Decree "On the Optimization of the Structure of Assets of the National Bank of the Republic of Belarus" was signed on 23 December 2011 and as of 12 December 2011 the refinancing rate was raised from 40% to 45%. Simultaneously, the rate on liquidity support instruments was raised from 65% to 70% per annum.

On 4 June 2011 the ACF Council approved the financial credit to the Republic of Belarus in the amount of USD 3 billion, and on 20 June 2011, EDB disbursed to Belarus its first tranche in the amount of USD 800 million.