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Belarus may get last tranche of EurAsEC loan September-November

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Russia to provide $2 billion loan to Belarus in 2014

MINSK, June 11. /ITAR-TASS/. Belarus may receive the last $440 million tranche of an anti-crisis loan from the Eurasian Economic Community (EurAsEC) in September-November, Russia’s Ambassador to Belarus Alexander Surikov said Wednesday.

“There are still disagreements over the conditions of this tranche. In July, representatives of the Eurasian Development Bank will discuss this situation with Belarus,” Surikov said.

In December 2013, the anti-crisis fund of the EurAsEC postponed allocating the tranche until July-September 2014 because the country failed to reach targets of the stabilization program. According to a preliminary schedule, Belarus was supposed to receive the last tranche by the end of 2013.

The Eurasian Development Bank signed an agreement with Belarus on the allocation of a $3 billion loan in June 2011. The funds are transferred in six tranches. The first, $800 million tranche was given to Belarus in June 2011, while four tranches amounting to $440 million each were transferred in December 2011, June 2012, January and April 2013.

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