Financing

Within the framework of the Decree of the President of the Republic of Belarus of 25.08.2006 № 534 “On the promotion of exports of goods (works, services)” exporters have the opportunity to finance their exports by means of:

• export loan granting by The Development Bank of the Republic of Belarus.

Export loan granting in foreign currency (except RUB) as per Commercial Interest Reference Rate (CIRR) and in RUB — at the rate of 2\3 refinancing rate fixed by the Central Bank of Russia.

Minimal amount of borrower’s participation with own funds in the project should be no less than 15% of the contract cost.

One of the obligatory conditions of export credit granting is insurance of export risks with State support by “Eximgarant of Belarus” (in accordance with the Decree No 534).

• export factoring — provides by any commercial bank of Belarus.

Financing granting in foreign currency (except RUB) as per Commercial Interest Reference Rate (CIRR) and in RUB — at the rate of 2\3 refinancing rate fixed by the Central Bank of Russia.

One of the obligatory conditions of export credit granting is insurance of export risks with State support by “Eximgarant of Belarus” (in accordance with the Decree No 534).