OREANDA-NEWS. October 19, 2012. The Government of Belarus plans to invest Br650 billion (USD 75.319 million) in refunding loan interest payments for Belarusian agricultural enterprises in 2012, says the government’s resolution #913.

The refund programme refers to loans issued by Belarusian banks for procuring grain forage, protein grain, vegetables, berries and mushrooms (including wild-grown), potatoes.

The refund programme covers a Br311.75 billion credit portfolio of Belagroprombank, a Br307.18 billion credit portfolio of Belarusbank, a Br14 billion credit portfolio of Belinvestbank, a Br17.07 billion credit portfolio of Bank BelVEB.

The refund will be at 50% of the NBB’s refinancing rate for ruble loans, and a half of the interest rate for hard-currency loans.