ANNOUNCEMENT 30 Mar 2013In March 2013, the government of Belarus announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
On March 30, 2013, the Council of Ministers of Belarus and the National Bank of Belarus (Joint Decree 239/3) decreased the processing time to issue export credits to Belarusian companies. In particular, the following changes are made:
The measure facilitates the issuance of export credits and insurance. 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.