EBRD bank sup­ports en­ergy sav­ings in Be­larus

The Pak Banker - - Front Page -

MOSCOW: The EBRD bank to­day launched a fa­cil­ity to pro­mote sus­tain­able en­ergy fi­nanc­ing in Be­larus, a coun­try with a highly in­dus­tri­alised and en­ergy in­ten­sive econ­omy in­her­ited from the breakup of the Soviet Union. The fa­cil­ity will help Be­larus to re­duce its en­ergy con­sump­tion and pro­vide en­vi­ron­men­tal ben­e­fits by re­duc­ing car­bon emis­sions and pol­lu­tion. The first loan un­der the newly cre­ated USD 50 mil­lion EBRD pro­gramme is a five-year loan of USD 4 mil­lion to Minsk Tran­sit Bank (MTBank). The loan will al­low this pri­vate bank to of­fer its in­dus­try and small busi­ness clients long-term fund­ing to pro­mote tar­geted in­vest­ments in en­ergy ef­fi­ciency and re­new­able en­ergy. Fi­nanc­ing sus­tain­able en­ergy is one of the EBRD’s core pri­or­i­ties spelled out in the Bank’s Be­larus coun­try strat­egy.

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