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Belarus expects three tranches of EFSD loan in 2017

Belarus expects three tranches from the Eurasian Fund for Stabilization and Development (EFSD) to the total tune of $700 million in 2017, Deputy Chairman of the permanent commission for economic policy Vladislav Shchepov told media ahead of the meeting of the commission on 13 September, BelTA has learned. “We expect to receive three tranches for an overall amount of $700 million,” said Vladislav Shchepov. In 2017 Belarus also plans to float $800 million worth of eurobonds. Domestic loans will make up about $300 million. In H1 2015 Belarus Belarus contacted the EurAsEC Anticrisis Fund (which is now known as the Eurasian Fund for Stabilization and Development – BelTA's note) with a request for a new loan of $3 billion. In the course of negotiations the initially specified sum dropped to $2 billion. The loan is supposed to be granted to Belarus in seven tranches in 2016-2018. Two tranches have been already transferred. One more tranche will be transferred in 2016.

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