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Stabilization credit for Republic of Belarus

Approval of the stabilization credit to the Republic of Belarus in the amount of 2 billion US dollars in seven tranches during 2016-2018 was done by the Fund Council on  25 March 2016. The major objective of the credit is to support the Program of the reforms of the Government and National Bank of the Republic of Belarus aimed at creating the conditions for the country to get to the trajectory of sustainable growth by improving the quality of economic policies and implementing structural reforms. According to the agreed methodology, interest rate for the credit has been fixed at 4,06% p.a., which reflects yields for RF and RK Eurobonds consistent with the average weighted maturity of the credit (7 years) as of 23 March 2016, weighted to the country’s share in the EFSD capital. 
Stabilization credit for Republic of Belarus The Manager’s Appraisal of the request of the Republic of Belarus for the stabilization credit.

The first tranche in the amount of 500 million US dollars was disbursed to the Republic of Belarus on 30 March 2016 based on the appropriate decision of the Fund Council about satisfactory implementation of the tranche release conditions.
The Review of the Manager of the borrower’s report on compliance with conditions of the first tranche.

The second tranche in the amount of 300 million US dollars was disbursed to the Republic of Belarus on 1 August 2016 based on the appropriate decision of the Fund Council about satisfactory implementation of the tranche release conditions.
The Review of the Manager of the borrower’s report on compliance with conditions of the second tranche.

Member States

  • The Republic of Armenia

    Republic
    of Armenia

  • The Republic of Belarus

    Republic
    of Belarus

  • The Republic of Kazakhstan

    Republic
    of Kazakhstan

  • Kyrgyz Republic

    Kyrgyz
    Republic

  • Russian Federation

    Russian
    Federation

  • The Republic of Tajikistan

    Republic
    of Tajikistan