Belarus to receive $1.1 bln of Eurasian loan
The new credit program between Belarus and the Eurasian Fund for Stabilization and Development is designed for two years. It became known from the February economic survey of the company "VTB Capital" (the investment division of the Russian financial group VTB). According to BelaPAN, the review contains unofficial information on the timing and amounts of tranches that Belarus can get in case of signing new credit programs with EFSR and the International Monetary Fund.
It is noted that the program with the IMF will include three equal tranches of $1 billion each. But the program with the Eurasian Fund for Stabilization and Development consists of the first tranches of $1.1 billion in 2016 and three tranches in 2017 - 500 million, 300 million and 200 million dollars," noted the review.
According to BelaPAN, the Belarusian Finance Ministry's foreign currency liabilities (within the payments on external debt) in interstate loans to Russia and the previous loans to EFSR amounted in 2016 to about 1 billion 150 million dollars. Thus, the amount of the first tranche of the loan is almost equal to the Eurasian commitments of Belarus to Russia and EFSR for the current year.
