/KASE, January 4, 12/ - Eurasian Development Bank, whose bonds are
officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press-release of December 30, 2011:
quote
Today, Eurasian Development Bank (EDB) transferred to the Republic of Belarus
the second tranche of the financial credit from the resources of EurAsEC Anti-
Crisis Fund (ACF), in the amount of US$ 440 million. This occurred once Belarus
completed the prior conditions and in accordance with the decision of the Fund
Council.
On 28 November 2011 the ACF Council approved the disbursement of second
tranche of the financial credit upon the fulfillment of the following two
conditions:
- Signing of the Decree of the President of the Republic of Belarus on the
transfer of non-core assets of the National Bank of the Republic of Belarus
(NBRB); and
- Raising by the NBRB in December 2011 of the rates of instruments to provide
liquidity in the interbank market by 5 percentage points.
Presidential Decree "On the Optimization of the Structure of Assets of the
National Bank of the Republic of Belarus" was signed on 23 December 2011 and
as of 12 December 2011 the refinancing rate was raised from 40% to 45%.
Simultaneously, the rate on liquidity support instruments was raised from 65% to
70% per annum.
On 4 June 2011 the ACF Council approved the financial credit to the Republic of
Belarus in the amount of US$3 billion, and on 20 June 2011, EDB disbursed to
Belarus its first tranche in the amount of US$800 million.
unquote
The full version of the press-release is available on KASE website, at
http://www.kase.kz/files/emitters/EABR/eabr_reliz_301211.pdf
[2012-01-04]