Belarus Will Apply to EurAsEC Fund for New Loan
OREANDA-NEWS. Belarus plans to apply to the Eurasian Economic Community's (EurAsEC) Anti-Crisis Fund for a new stabilization loan, as follows from the statement published by the local Finance Ministry.
Belarus signed an agreement with the Eurasian Development Bank, which manages the Anti-Crisis Fund's money, on a U.S. USD 3 billion loan in June 2011. Minsk agreed to receive the loan in six tranches and it has already received five tranches.
“Taking into account the fact that the stabilization program with the EurAsEC's Anti-Crisis Fund is about to conclude, the Finance Ministry is interested in the beginning of a brand new program with the fund,” the authority said.
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