NBRB expects to get fourth tranche of EurAsEC loan in 2012

MINSK, 21 November (BelTA) – The National Bank of the Republic of Belarus (NBRB) expects to receive the fourth tranche of the EurAsEC Anticrisis Fund loan by the end of 2012, Chairperson of the Board of the National Bank of Belarus Nadezhda Yermakova told reporters on 21 November.

Belarus will not meet the target to raise $2.5 billion in investments from privatization. When asked how it will affect the chances to get the fourth $440 million tranche of the EurAsEC loan, Nadezhda Yermakova noted: “The matter will depend on politicians. We hope that we will be able to receive the loan”.

On 4 June 2011 the EurAsEC Anticrisis Fund Council authorized the allocation of a $3 billion financial loan to Belarus in 2011-2013. As much as $1.68 billion in three tranches out of six was received. An evaluation mission of the EurAsEC Anticrisis Fund was in Belarus on 15-19 October for consultations regarding the allocation of the fourth tranche to the tune of $440 million. The allocation of the tranche will be considered at the session of the Anticrisis Fund Council in Minsk on 5 December.