Ministry of Finance of Belarus comments on expansion of financial export

20 июня 2022
Belarus has expanded the opportunities for financial export. The government's recent decision increased the range of applicants for financial support and simplified the procedures. Today, the Ministry of Finance has commented on the innovations. Thus, not only manufacturers, but also special exporters will be able to receive export credits. As well as management companies of holding companies. The new rules enable lending through authorized organizations or the parent company of the holding. Earlier it was stipulated that only the exporter itself could obtain the necessary resources. A number of other measures are also provided for. They will make it easier for producers to find and obtain necessary financing for supplies.

Yuri Seliverstov, Minister of Finance of Belarus:

“It will be easier, simpler, more convenient and probably faster to get these resources to carry out the relevant supplies. There are enough resources. Those who have normal export projects and contracts, will all get their resources. Accordingly, the effect: the more will be sold, the more GDP growth and revenues to the budget.”

Exports over 5 months has grown by almost 10%.

Meanwhile, the enterprises of the Ministry of Industry increase their output. In the first five months they increased by almost 10%. Exports of industrial products increases at a similar pace. And it is important to note: it is possible to prevent the growth of stocks.