Belarus

EDB investment portfolio

01/02/2021

37 projects

1 870,4 million

19,0 of the total

EFSD investment portfolio

01/02/2021

3 projects

$4 860 million

81% of the total


Belarus became a full member of Eurasian Development Bank in June 2010. Its contribution to the Bank’s capital is US $15 million.

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Publications

Eurasian Economic Integration – 2019
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Macroeconomic Forecasts for 2021
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18 December 2020
The Eurasian Development Bank (EDB) issued guarantees to secure the obligations of BELAZ (the management company of BELAZ-HOLDING) under a contract to supply mining trucks to Coal India Limited, the largest coal mining corporation and a public sector enterprise in India
09 December 2020
Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), met with Nikolai Snopkov, First Deputy Prime Minister of Belarus
04 December 2020
The Eurasian Development Bank (EDB), VEB.RF, the Development Bank of Kazakhstan (DBK), and the Development Bank of the Republic of Belarus (DBRB) signed a memorandum of cooperation to promote integration between the countries of the Eurasian Economic Union (EAEU). The signing ceremony took place in the sidelines of the First Eurasian Congress hosted by the EDB. The document was signed by Nikolai Podguzov, Chairman of the EDB’s Management Board, Igor Shuvalov, Chairman of the Management Board of VEB.RF, Abay Sarkulov, Chairman of the Management Board of the DBK, and Andrey Zhishkevich, Chairman of the Management Board of the DBRB
04 December 2020
Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB), Hayk Karapetyan, Chief Executive Officer of HayPost (Armenia’s postal operator), Svetlana Yurkevich, General Director of Belpochta (Belarus’s postal operator), Damir Monoldorov, General Director of Kyrgyz Post (Kyrgyz Republic’s postal operator), and Maxim Akimov, General Director of Russian Post (Russia’s postal operator) signed a cooperation agreement at the First Eurasian Congress
04 December 2020
The Travelling without COVID app developed by the Digital Initiative Fund of the Eurasian Development Bank (EDB DIF) was successfully tested today. Participants in the First Eurasian Congress from Yerevan and Minsk crossed the Russian Federation border at Moscow’s Sheremetyevo International Airport with the help of the app
30 November 2020
What is a “safe” and optimal debt level? How does rising debt affect economic growth? The COVID-19 pandemic has forced countries around the world to reconsider these issues facing the reality wherein the budgetary stimulus accompanied by government debt accumulation became principal instruments used to curtail shocks. The current EFSD Working Paper “Optimal Debt and the Quality of Institutions” indicates that, in countries with strong institutions, the debt threshold is above 55% of GDP, while economies with weaker political institutions feature a 37-38% debt-to-GDP threshold. Hence, the quality of institutions is one of the key factors for economic and debt sustainability and an efficient debt policy
26 November 2020
The Eurasian Development Bank forecasts an increase in the aggregate GDP of its member countries by 3.2% in 2021, after a 3.8% decline in 2020. The easing of restrictions globally and in the region’s countries as the fight against the pandemic progresses will be a key factor in reviving economic activity. Due to weak investment demand and partial preservation of social distancing, the full recovery of the region’s GDP to pre-crisis levels will take time. Kazakhstan is expected to achieve it in the second half of 2021; Russia, the Kyrgyz Republic, and Armenia in the first half of 2022; and Belarus in 2023. Because of persistently high risks, the EDB’s projections remain shifted toward lower estimates
19 November 2020
The Eurasian Development Bank (EDB) borrowed CNY 1.5 billion (around US $230 million) from the Export-Import Bank of China (Exim Bank of China) to finance transboundary transactions between China and the Bank’s member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The respective agreement was signed on 16 November 2020. The loan facility has been extended for five years
16 October 2020
The Eurasian Development Bank (EDB), acting as the Resources Manager of the Eurasian Fund for Stabilization and Development (EFSD), transferred a US $500 million EFSD financial credit to Belarus
12 October 2020
On 9 October 2020, the Council of the Eurasian Fund for Stabilization and Development (EFSD) managed by the Eurasian Development Bank (EDB) approved the provision of US $500 million budget support to Belarus

Minsk Representative Office

Address:
70 Myasnikov St., office 310, Minsk, 220030, Republic of Belarus

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