ANNOUNCEMENT 23 Jun 2012
In June 2012, the government of Belarus issued a state guarantee to a local meat and dairy company. The company was tasked with implementing government price support interventions.
NUMBER OF INTERVENTIONS
Government Decree #581 from 23 June 2012, О предоставлении гарантии Правительства
Республики Беларусь в погашении кредита (On Government Loan Guarantee), http://www.government.by/ru/solutions/1844
On 23 June 2012, the Belorussian Government issued a government guarantee covering the loans which the meat and dairy company Myaso-Molochnaya Companiya has to pay back to SPB-Sberbank.
The Company is tasked with implementing the government's price support interventions in milk and dairy industry. The Decree mentions the loan is to be used towards a USD 33.5 million procurement intervention targeting milk and dairy products.
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.