Eurasian Development Bank (EDB) and Alfa-Bank (Belarus) signed a $10 million loan agreement. The loan will be used to finance energy conservation projects in Belarus, the EDB press service reported.
According to the EDB specialists, this is the EDB’s first energy conservation project in Belarus. “We believe that besides reducing energy consumption and raising energy- and resource efficiency, the project will have a favorable impact on the financial system, as a new banking product will be offered,” the press service quoted Deputy Chairman of the Management Board of the EDB Dmitry Krasilnikov. The project will also help improve the environmental situation in the country through a broader use of eco-friendly energy sources and, subsequently, by reducing greenhouse gas emissions.