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EurAsEC Anti-Crisis Fund decides to grant 3rd tranche of loan to Belarus

June 08, 2012, 19:24 UTC+3
The fourth tranche worth 440 million U.S. dollars is expected to be disbursed to Belarus this year, Siluanov said
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MOSCOW, June 8 (Itar-Tass) — The Council of the Anti-Crisis Fund (ACF) of the Eurasian Economic Community (EurAsEC) made a decision to grant 440 million U.S. dollars to Belarus as the third tranche of the stabilisation loan, Russian Finance Minister Anton Siluanov told reporters on Friday.

In his words, money will be transferred shortly, “maybe within a week.”

The fourth tranche worth 440 million U.S. dollars is expected to be disbursed to Belarus this year, Siluanov said, adding that this may happen in autumn, when certain points of the anti-crisis program are coordinated and several indices are determined.

The EurAsEC’ Anti-Crisis Fund was established by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan in 2009. Its goals are to support the EurAsEC member countries in the overcoming of the global crisis consequences, to guarantee long-term stability of their economies and to promote the regional integration processes. The fund has accumulated about 8.513 billion U.S. dollars. The funds grants financial loans for the support of a budget, a balance of payments and a national currency exchange rate, as well as investment credits for the financing of interstate projects, which are aimed at the stepping up of integration processes between the member countries.

 

 

 

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