The European Investment Bank (EIB) and the Republic of Belarus today endorsed the financing by EIB of key infrastructure projects in Belarus, including the upgrade of some connectivity projects between the country and its EU neighbours.
“This year we have signed the Framework Agreement, which allows the European Investment Bank to carry out activities in the Republic of Belarus and laid down the basis for our partnership. This is a landmark event in strengthening cooperation between Belarus and the Bank as well as the European Union in general. We have always expressed our interest in working with the Bank. We consider the EIB as an important and serious partner with significant investment resources, best practices and knowledge,” Belarus Prime Minister, Andrei Kobyakov said.
EIB will support the infrastructure projects that include the upgrade of international transport corridors, as well as municipal and environmental infrastructure. Other areas of interest include support for the private sector and SMEs, notably through local banks and local industrial groups.
“We believe that by combining forces, the EU, the EIB and other International Financing Institutions active in Belarus can make a difference and provide a boost for economic development in this important country. Today’s Economic Forum and the meetings with the Belarusian Prime Minister represent a further step in the EIB commitment to support strategic investment projects in Belarus, after the Framework Agreement on cooperation signed in May this year,” EIB Vice-President Alexander Stubb said.
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