With Government Decree 25 of January 9, 2012, Belarus provided a state guarantee to 'Belarusbank'. The purpose of this guarantee is to cover the advance payments and the insurance fee of a loan extendedby the Import-Export Bank of China to the company JSC «Svetlogorsk pulp and board plant». In addition, 50 per cent of the interest payments will be covered by the 2012-2013 state budget.

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.