Belarus negotiates infrastructure financing with international organizations

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MINSK, March 5 (BelTA) – Fundraising projects of international financial organizations to finance infrastructure projects in Belarus were discussed by First Deputy Minister of Economy Yuri Chebotar during a meeting of the college of ministry, BelTA learned.

“One of the sources of investment are funds from international financial organizations. Loan agreements in excess of € 1 billion have been concluded in the past four years alone. These are road reconstruction projects, energy efficiency, solid waste management, to name a few. However, cooperation was severely hampered in 2020. Nevertheless, we managed to raise 190 million euros from the World Bank for projects in the social sector, including projects to strengthen the health system during the pandemic. These funds are used today to buy medical equipment, ”said Yuri Chebotar.

He stressed that this work will continue. Negotiations are underway to mobilize resources for infrastructure projects. “We will look for other options, first of all those that are ready to lend a hand to Belarus. These are the Eurasian Development Bank, the Asian Infrastructure Investment Bank and the OPEC Fund for International Development. Cooperation with other banks is also on the agenda, we will look for ways and opportunities to build a dialogue with them, ”he added.

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