Opinions & Interviews

PM: EBRD investment in Belarus might exceed €360m in 2019

LONDON, 11 June (BelTA) – The European Bank for Reconstruction and Development (EBRD) might invest more than €360 million in Belarus’ economy in 2019, Belarus’ Premier Sergei Rumas said as he met with EBRD First Vice President Jurgen Rigterink in London on 11 June, BelTA has learned.

“We are interested in more investments of the EBRD both in the public and private sectors. At the yesterday’s meeting with Alain Pilloux [EBRD Vice President], we agreed that we should work together to raise the bar set last year. If we make a concerted effort, we have everything in place to surpass the €360 million target,” Sergei Rumas said.

According to the premier, Belarus highly values trustful relations with the EBRD. “The commitment to an equal dialogue of the parties was key to success of our cooperation,” he said.

At present the government and the EBRD are working on a series of new agreements in transport, housing and utilities and energy efficiency.

The EBRD is an international bank, which facilitates the development of the private sector and entrepreneurship initiative in 38 economies on three continents. The EBRD shareholders include 67 countries, the European Union, and the European Investment Bank.

Since the EBRD began working in Belarus in 1992, the bank has invested nearly €2.46 billion in 114 projects implemented in various branches of the national economy.

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