Belarus may receive regular tranche of EurAsEc loan in November - finance ministers
MINSK. Aug 29 (Interfax) - Belarus is expected to receive the second tranche of a loan from the Eurasian Economic Community (EurAsEc) Anti-Crisis Fund in November, Belarusian Finance Minister Andrei Kharkovets told reporters in Minsk on Monday.
"We expect to receive a regular tranche of the EurAsEc loan worth $440 million in November," he said.
A monitoring of Belarus' obligations within the framework of the Anti-Crisis Fund over nine months of economic performance will be carried out, Kharkovets said.
Earlier, EurAsEc Development Bank's Corporate Financing Director Dmitry Krasilnikov told reporters that the disbursement of the loan's second tranche could be postponed.
Uncertainty over the date of the second installment is due to the absence of progress in the implementation by Belarus of its commitments on structural reforms, he explained.
On June 4, EurAsEc Anti-Crisis Fund decided to lend Belarus $3-billion within three years, including $1.2 billion in 2011.
The first tranche of $800 million was disbursed in late June 2011 and the second tranche was scheduled for autumn.
