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World Bank to loan $200 million to Belarus by year's end

16:26 23/10/2009

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MINSK, October 23 (RIA Novosti) - The World Bank plans to lend $200 million to Belarus for structural reforms in the country's economy and social sector, and to stimulate private business, the bank's office in Minsk said on Friday.

The 16-year loan with a six-year repayment recess could be transferred to Belarus by the end of the current year.

"Talks were held with representatives of Belarus and the World Bank, during which the conditions of the loan were agreed," the bank said.

The loan protocol was signed by Belarusian Finance Minister Andrei Kharkovets and World Bank Project Director for Belarus Pablo Saavedra.

Belarus earlier this year received $185 million from the World Bank, which plans to finance some $260 million in Belarusian projects in 2010. A waste management project is also planned for 2010.

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World Bank to loan $200 million to Belarus by year's end

16:26 23/10/2009 The World Bank plans to lend $200 million to Belarus for structural reforms in the country's economy and social sector, and to stimulate private business, the bank's office in Minsk said on Friday.>>

Other news of the day