EDB Started Negotiations with Republic of Belarus
OREANDA-NEWS. February 01, 2012. The team of experts of Eurasian Development Bank (EDB) that manages financial resources of Crisis Management Fund visited Minsk to evaluate the macroeconomic situation and started discussions with authorities of Belarus to update the Letter of Intent. Such objective has been stipulated by the Fund Council decision made in Moscow on November 28, 2011, reported the press-centre of KASE.
The Letter of Intent is based on the Stabilizing Program of the Government of Belarus, supported by the Crisis Management Fund credit in the size of USD3 bn.
The need in clarifications in the document relates to significant changes in socio-economic conditions of development, in particular, due to the national currency devaluation and triple growth of prices in 2011.
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