Fourth tranche of EurAsEC loan for Belarus to be discussed on 7 December

       The allocation of the fourth tranche of the EurAsEC Anticrisis Fund loan to stabilize the balance of payments of Belarus will be considered at a session of the Eurasian Development Bank Council and the EurAsEC Anticrisis Fund Council in Minsk on 7 December.  The session will also consider the allocation of an investment loan for Belarusian Steel Works, the management company of Belarusian Metallurgical Company, the office said. The Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with a view to assisting the development of market economies of the participating states while facilitating their sustainable economic growth and expanding their mutual trade and economic ties. On 4 June 2011 the EurAsEC Anticrisis Fund Council authorized the allocation of a $3 billion financial loan to Belarus in 2011-2013. As much as $1.68 billion in three tranches out of six was received. An evaluation mission of the EurAsEC Anticrisis Fund was in Belarus on 15-19 October for consultations regarding the allocation of the fourth tranche to the tune of $440 million.