Belarus is ready to carry out big projects with the participation of the European Bank for Reconstruction and Development (EBRD), Belarusian Prime Minister Sergei Sidorsky noted during his meeting with Varel Freeman, the EBRD First Vice President, reported Belta.
"I welcome those projects which are carried out by the European Bank for Reconstruction and Development in Belarus. I think that we are ready for more important economic projects with the participation of EBRD," Sergei Sidorsky said.
He said that in various years Belarus and EBRD had a complicated dialogue. For instance, some years ago EBRD had considerable doubts about the development of the Belarusian economy. "We have never asked the bank to allocate money. We always proposed projects in the banking area and economy in general. The European Bank for Reconstruction and Development has issued a micro-credit system for Belarus. After this, the cooperation strategy between the bank and Belarus was inked. At present you may see that the development of the Belarusian economy is stable. Independent rating agencies also confirm it", Sergei Sidorsky said.
On October 6, Belarusian Bank for Small Business (the authorized fund is €7 million) will open in Belarus. Apart from EBRD, 7 foreign financial institutions more took part in the project a well.
"We believe that owing to our contacts, EBRD will take an active part in the investment-innovation programmes in Belarus," Sergei Sidorsky highlighted.