Development bank and Belarusbank signed memorandum on cooperation

The general creditor of the state programs, the Development bank, and the Belarusbank are joining their efforts in the support of the real sector of economy. Today the banks signed a memorandum on cooperation. They will jointly fund the most important national projects. Crediting of high-scale investment programs is fraught with high commercial risks. The partnership will help minimize financial threats and achieve maximal efficiency of the investments. There are plans to credit projects in energy industry, transport, support innovative production and enter the debt capital markets. The total is about 250 mln dollars.