The EDB and the Development Bank of the Republic of Belarus to promote Belarusian exports
Moscow, 30 September 2019. The Eurasian Development Bank (EDB) and the Development Bank of the Republic of Belarus (DBRB) signed a cooperation agreement to support exports from Belarus.
The EDB entered into this agreement with the DBRB as part of its work to enhance trade and other economic ties between its member states and in order to attract financing on special terms for the purchase of goods and services produced by Belarusian residents. The DBRB will extend individual loans to the EDB for it to finance member states’ importers in four currencies – the Russian and Belarusian roubles, the euro, and the U.S. dollar.
“Given the unique position of the EDB as an international financial institution, this agreement will make it possible for the DBRB to support national exports to the member states of our Bank and promote economic growth and integration in Eurasia,” Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at the EDB, commented.
According to him, supporting exports is a key area of the development of the EAEU economies.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
The Development Bank of the Republic of Belarus (DBRB) is a specialised financial institution established in accordance with Decree 261 of the President of Belarus dated 21 June 2011. The bank's founders are the Council of Ministers and the National Bank of the Republic of Belarus. Its main objective is to develop a financing system for governmental programmes and implement investment projects of social importance.
The EDB Media Centre:
Alexander Savelyev +7 (985) 765 23 59 (Moscow)
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)
The DBRB Press Centre:
8 017 309 66 08 (Minsk)