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Belarus : IFC twice investments in BELARUSIAN trade

August 8, 2014

World Bank Group s member, the International Finance Corporation (IFC) declared that it has doubled its Belarusian investments during the past fiscal year.

The investment is boosting foreign trade and improving accost to finance for exports and other small and medium-sized businesses.

In Belarus, IFC promised $158 million during fiscal year 2014, up from $80 million dollars during fiscal year 2013. Under IFC s Global Trade Finance Program (GTFP), a total of $137 million was pledged to five Belarusian banks. The investment is focused at broadening access to finance for companies and reducing risk for local banks.

IFC has introduced in Belarus in 2009 and has delivered a total of $350 million in guarantees to Belarusian banks through GTFP. IFC commented IFC is also implementing an advisory program in Belarus, focusing on improving the country s business environment and investment climate.

According to IFC, it will remain to support Belarusian producers in efforts to approach new markets and become more competitive by improving food safety practices, with a deal inked in the previous fiscal year to support Belarusian retailer Rubliovskiy Group to advance its food safety.

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Source: TendersInfo (India)

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