The European Bank for Reconstruction and Development refused to support the government of Belarus

The European Bank for Reconstruction and Development (EBRD) has corrected adopted in December 2009 a strategy for Belarus and abandoned the previously planned projects in the public sector.

In accordance with the Bank's statement, posted on its website, the bank emphasizes his refusal to support the Belarusian central authorities. "There is no support for the Belarusian central authorities: no support, both financial and technical, in any form," — said in a statement on the adjustment strategy.

In this regard, the Bank has refused previously planned investment projects in the public energy sector, including in the case of renewable energy, and transport infrastructure. Terms of the previously planned other forms of cooperation with the public sector, in particular, the state-owned banks and lending support to previous pryvatytszatsyynaya also tightened and will be considered on the basis of the above criteria.

As a result of yet another adjustment strategy, the Bank re-focuses exclusively on the support of the private sector in Belarus, including provides for the expansion of private sector financing programs. Bank confirms commitment to partnership with other international organizations to participate in projects to improve environmental standards.

Moreover, Bank declares "the support of the Belarusian people." Thus, the operations of the bank will focus on projects that can "improve the living conditions of the Belarusian people."

"The EBRD urges the Belarusian authorities continue to progress on the path of democratic and market reforms in line with its obligations under Article 1 of the Agreement Establishing the Bank. Political dialogue with the authorities will be the focus. In the following review, in 2012, the Board of the Bank fail results of political and economic development, and will can re-examine the appropriate adjustment of its strategy ", — the report says the EBRD.

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