IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 30 Aug 2013 | Removal date: open ended
Still in force

State loan

The Council of Ministers of the Republic of Belarus (according to Decree 769 of August 30, 2013) has increased the volume of credits from BYR 2 898.4 billion (USD 280 million) to BYR 4 076.1 billon (USD 400 million) that selected banks (Belagroprombank, Belarusbank, Belinvestbank) extend in 2013 to manufacturing enterprises for the purchase of agricultural products. In addition, the government will provide state guarantees in 2013 that cover the loan principal. The decree also foresees an increase of the state share in 2014-2015 in the enterprise capital equal to the sum of the received state aid. On qualifying loans, the state will pay half of the interest.


The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

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