OREANDA-NEWS. The Eurasian Development Bank (EDB) plans to negotiate with the Government and National Bank of Belarus the terms of the 2013 Letter of Intent as a background document for providing the last tranche of USD 440 million of the EurAsEC Anti-Crisis Fund's standby loan for Belarus, EDB Vice CEO Sergei Shatalov told.

According to Shatalov, the EDB is currently in talks with the Finance Ministry of Belarus and the National Bank regarding the terms of the Letter of Intent, “which does not contain any new stabilization benchmarks, except those the NBB adhered to in 2011-2012”.

The parties are supposed to make a report on the fulfilment of the terms of the 2013 standby programme in October. The sixth tranche is scheduled for November, Shatalov informed.

The EDB is in plenty of time to inspect how stable is Belarus economy and how effective was the monetary policy of the Government and the National Bank, Shatalov said.