BELARUS NEWS AND ANALYSIS

DATE:

05/03/2009

Russia extends loan to Belarus

RBC, 05.03.2009, Moscow 15:49:45.Russia's Prime Minister Vladimir Putin announced at a government presidium meeting today that he had signed a governmental decree extending a $500m loan to Belarus. He commissioned the Finance Ministry to carry out the decree with no delays.

As reported earlier, a memorandum on understanding between the Russian and Belarusian governments was inked on November 2008, stipulating for $2bn worth of loans to be granted to Belarus in 2008-2009. The first tranche of $1bn was transferred in 2008. Back then, it was announced that the second portion of the loan would be extended once the parties worked out concerted steps to sharpen the competitive edge of their respective economies. The action plan was to be worked out by February 2009, and the second tranche was expected by February 28, 2009.

Source:

http://www.rbcnews.com/free/20090305154945.shtml

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