ANNOUNCEMENT 29 Oct 2014In October 2014, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
29 2014 . 1021
Development Bank of the Republic of Belarus
With Council of Ministers' executive order No. 1021 of 29 October 2014 was approved the Development Bank of the Republic of Belarus (DBRB) to allocate 8,234.6 billion Belarusian Roubles (ca. 767 million USD) for implementation of government programmes and projects. The executive order enters into force on 1 January 2015.
The Development Bank of the Republic of Belarus was established in 2011 by the Council of Ministers and the National Bank of the Republic Belarus. Its main goals are:
'financing of long-term and capital-intensive investment projects in the framework of government programs and activities implementation; acquisition of assets generated by other banks in the framework of government programs and activities implementation; extension ofconcessional export credits to support large (overUSD 1 million) projects of domestic exporters.'