CIS to work out model law to attract capital to infrastructure projects
17.08.2026
MINSK (
BelTA) – The Commonwealth of Independent States (CIS) will develop a model law that will allow attracting non-budgetary capital to significant projects more effectively, the CIS Executive Committee told BelTA.
The CIS Interparliamentary Assembly has begun working on the model law “On encouraging convertible infrastructure debt obligations”. A dedicated taskforce will hold a session in September.
In current conditions the CIS states need to develop infrastructure projects while dealing with the lack of financing and rising costs of credit resources. Bank loans, budget allocations, and investors’ own funds do not cover the need for funds. Convertible infrastructure debt obligations can become an effective additional source of attracting non-budgetary capital to socially significant projects.
Infrastructure debt obligations (or infrastructure bonds) are securities issued specifically to attract long-term financing to the creation or development of infrastructure facilities: roads and railways, bridges, ports, utility networks, and social institutions.
The key peculiarity is that it is a project financing tool. The money raised by placing bonds is channeled strictly toward a specific project while payments to investors (interest and principal) are made using revenues that this facility will generate after commissioning.
In conditions when budget funds and bank loans for all major construction projects are lacking, infrastructure bonds become a bridge between the state and a private investor.
For the state it is a way to attract non-budgetary funds to regional development without inflating the public debt. For the investor it is a reliable asset with a long lifecycle (usually 15–30 years) backed by state guarantees or revenues from a strategically important facility.
The new law is designed to define measures to stimulate the inflow of investor funds into the infrastructure of the CIS countries, harmonize the legislation of the CIS countries, build trust between market participants, and shape a common legal space for the free movement of capital into infrastructure.
Drafting the model law will allow the expert community of the CIS countries to jointly work through key matters and then give each state an opportunity to adapt the norms to the national legislation. It is expected to build mutual trust between market participants, which will create the basis for deeper regional integration.
The Economy Commission of the CIS Interparliamentary Assembly intends to develop 19 more documents over the next three years. Among them are new editions of the model laws “On electronic signature”, “On electronic commerce”, “On ensuring the uniformity of measurements”, a chapter of the CIS Tax Code dedicated to the tourist tax, recommendations on modernizing the economy based on hybrid energy, recommendations on encouraging the use of electric vehicles, and the model law “On the sport industry”.
The CIS Interparliamentary Assembly has begun working on the model law “On encouraging convertible infrastructure debt obligations”. A dedicated taskforce will hold a session in September.
In current conditions the CIS states need to develop infrastructure projects while dealing with the lack of financing and rising costs of credit resources. Bank loans, budget allocations, and investors’ own funds do not cover the need for funds. Convertible infrastructure debt obligations can become an effective additional source of attracting non-budgetary capital to socially significant projects.
Infrastructure debt obligations (or infrastructure bonds) are securities issued specifically to attract long-term financing to the creation or development of infrastructure facilities: roads and railways, bridges, ports, utility networks, and social institutions.
The key peculiarity is that it is a project financing tool. The money raised by placing bonds is channeled strictly toward a specific project while payments to investors (interest and principal) are made using revenues that this facility will generate after commissioning.
In conditions when budget funds and bank loans for all major construction projects are lacking, infrastructure bonds become a bridge between the state and a private investor.
For the state it is a way to attract non-budgetary funds to regional development without inflating the public debt. For the investor it is a reliable asset with a long lifecycle (usually 15–30 years) backed by state guarantees or revenues from a strategically important facility.
The new law is designed to define measures to stimulate the inflow of investor funds into the infrastructure of the CIS countries, harmonize the legislation of the CIS countries, build trust between market participants, and shape a common legal space for the free movement of capital into infrastructure.
Drafting the model law will allow the expert community of the CIS countries to jointly work through key matters and then give each state an opportunity to adapt the norms to the national legislation. It is expected to build mutual trust between market participants, which will create the basis for deeper regional integration.
The Economy Commission of the CIS Interparliamentary Assembly intends to develop 19 more documents over the next three years. Among them are new editions of the model laws “On electronic signature”, “On electronic commerce”, “On ensuring the uniformity of measurements”, a chapter of the CIS Tax Code dedicated to the tourist tax, recommendations on modernizing the economy based on hybrid energy, recommendations on encouraging the use of electric vehicles, and the model law “On the sport industry”.