Belarus: State guarantee to the paper plant "Spartak"
By the Belorussian Government Decree #743 from 9 June 2011 the government guarantee (30 billion rubles (4.2 million Euros)) to the paper production plant "Spartak" was introduced to finance the technical restructuring of the plant. The loan is given by "Belarusbank" under state guarantee. The loan is due to 30 April 2016. The plant will buy the European equipment to produce high quality paper (paper, carton, napkins, toilet paper and others). This government support has an import substitution intention as stated at the government webpage (http://www.government.by/ru/content/3895). This measure will allow to save foreign currency instead of buying expensive foreign paper products abroad.
Any Evidence-Based Deliberation:
|Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations?||Yes|
|Is there any evidence that alternatives to the proposed measure were considered?|
|Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government?|
|Was such evidence identified?|
|Is such evidence publicly available?|
|Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives?|
|Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken?|
|Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory?|
|Did the government state its intention to review the measure within one year of implementation?|
Date of inception: 9 Jun 2011
GTA Evaluation: Red
Government Decree #743 from 9 June 2011 - http://www.government.by/upload/docs/filebb1b87e378aa53e6.PDF