Opinions & Interviews

EBRD: Belarus can get more foreign investments

MINSK, 7 June (BelTA) – Belarus can raise more foreign investments, BelTA learned from Vice President of the European Bank for Reconstruction and Development Alain Pilloux on 7 June.

The EBRD vice president said: “The first conclusion of the visit is that all opportunities for stepping up our operation in Belarus are available because favorable conditions are present in the country today. Besides, Belarus can get more foreign investments either from the West or the East.”

Alain Pilloux remarked that this year the EBRD intends to increase the volume of investments poured into projects in Belarus. “I cannot predict the exact figures we will secure but we are doing our best. We have no restrictions. I am convinced that this year the sum [of investments] will be higher than last year,” he explained.

The EBRD vice president also pointed out that the bank is intent on implementing the projects in Belarus, which may positively influence the life of regular citizens.

Alain Pilloux also talked about the state of the Belarusian economy. “Looking at the Belarusian economy, I can say that the current growth rate is sensible. The central bank pursues a balanced monetary management policy, which has had a rather tangible effect on inflation and, hence, interest rates,” he stated. According to the EBRD vice president, there are problems but the overall state of the Belarusian economy encourages the flow of investments into the country.

Apart from that, Alain Pilloux said that the EBRD is interested in supporting projects in the sphere of high technologies. “We can do more to help the dynamically developing high-tech sector in Belarus,” he stressed. Alain Pilloux visited the Hi-Tech Park in Minsk during his current stay in Belarus.

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