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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS AND NATIONAL BANK OF THE REPUBLIC OF BELARUS

of July 10, 2020 No. 415/14

About procedure for provision of money to "Development Bank of the Republic of Belarus" open joint stock company

In pursuance of Item 2 of the Presidential decree of the Republic of Belarus of December 19, 2019 No. 467 "About change of presidential decrees of the Republic of Belarus" Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus POSTANOVLYAYUT:

1. Approve Regulations on procedure for provision to "Development Bank of the Republic of Belarus" open joint stock company of money for the purpose of ensuring its stable functioning in the conditions of financial instability it (is applied).

2. Recognize invalid resolutions of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus according to appendix.

3. This resolution becomes effective after its official publication.

Prime Minister of the Republic of Belarus

R. Golovchenko

Chairman of the board of National Bank of the Republic of Belarus

P. Kallaur

 

Appendix

to the Resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of July 10, 2020 No. 415/14

List of invalid resolutions of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus

1. The resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of January 5, 2012 No. 14/1 "About approval of the Regulations on procedure and financing terms by "Development Bank of the Republic of Belarus" open joint stock company of investment projects, and also the actions providing purchase of goods for their transfer to finance lease (leasing), for the decision of the President of the Republic of Belarus and (or) the Government of the Republic of Belarus, and also included in the programs approved by the President of the Republic of Belarus and (or) the Government of the Republic of Belarus".

2. The resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of August 8, 2013 No. 697/13 "About modification and amendments in the resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of January 5, 2012 No. 14/1".

3. The resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of December 7, 2016 No. 1000/33 "About entering of amendment and changes into the resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of January 5, 2012 No. 14/1".

4. The resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of December 11, 2017 No. 946/14 "About introduction of amendments to the resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of January 5, 2012 No. 14/1".

Approved by the Resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of July 10, 2020 No. 415/14

Regulations on procedure for provision to "Development Bank of the Republic of Belarus" open joint stock company of money for the purpose of ensuring its stable functioning in the conditions of financial instability

1. This Provision regulates procedure for provision to "Development Bank of the Republic of Belarus" open joint stock company (further - Development bank) money in Belarusian rubles for the purpose of ensuring its stable functioning in the conditions of financial instability.

2. In the conditions of financial instability Development bank for ensuring the stable functioning sends to the Ministry of Finance the petition for provision of money containing information on impossibility of attraction of money by Development bank in the financial market of the Republic of Belarus by methods, available to Development bank (further - the petition for provision of money). The copy of the petition goes for data to National Bank.

3. The direction is performed by Development bank of the petition for provision of money in electronic form through system of interdepartmental electronic document management of state bodies no later than the day preceding day of rendering required support.

4. In case of adoption by the Ministry of Finance of the decision on provision to Development bank of money their provision can be performed in the way:

placements of term irrevocable bank deposits (deposits) (further - deposits (deposits) in Development bank;

acquisition (redemption) of the government securities which are in portfolio of Development bank;

acquisitions of the securities of National Bank which are in portfolio of Development bank;

acquisitions of bonds of Development bank;

transactions of repo;

transactions of SVOP.

5. Placement of money in deposits (deposits) is performed for the purpose of ensuring stable functioning of Development bank in the conditions of financial instability without requirements of the Regulations on procedure for investment of funds of the republican budget, local budgets, budgets of state non-budgetary funds, and also extrabudgetary funds of state bodies and other state-financed organizations in bank deposits (deposits) approved by the resolution of Council of Ministers of the Republic of Belarus of January 16, 2019 No. 30, on the conditions determined by this Provision.

6. Deposits (deposits) are placed with the following provisions:

placement term - no more than 30 calendar days;

currency of contribution (deposit) - Belarusian ruble;

the deposit interest rate (deposit) is established in the amount of the loan interest rate overnight established by National Bank for banks within constantly available instruments of maintenance of the liquidity operating for date of placement of contribution (deposit);

day of placement of contribution (deposit) day of transfer of the deposit amount (deposit) into the account on accounting of contribution (deposit) opened in Development bank is considered.

7. The deposit amount (deposit), the size of deposit interest rate and the term of return of contribution (deposit) is specified (deposit) Development bank in the petition for provision of money.

Development bank has the right to withdraw the petition for provision of money before their transfer in contribution (deposit), having sent to the Ministry of Finance through system of interdepartmental electronic document management of state bodies the corresponding petition on response.

8. The Ministry of Finance has the right to place in Development bank at the same time several deposits (deposits), including for various or identical terms.

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