ANNOUNCEMENT 28 Jun 2013In June 2013, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Council of Ministers Resolution Nr. 560/28.06.2013,
On 28 June 2013, the Council of Ministers of the Republic of Belarus approved Resolution Nr. 560 on the general conditions for the compensation of the Development Bank of the Republic of Belarus with regard to the export credit it provides to Belarusian companies.
According ot the Resolution, the export-related risks of the bank's loans shall insured by the state. The maximum interest rate reimbursement provided by the state concerning Belarusian Roubles-denominated loans is the refinancing rate announced by the National Bank of Belarus for the respective period.