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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of June 16, 1993 No. 399

About measures for development and implementation of the investment projects and projects of technical assistance financed by the European Bank for Reconstruction and Development

According to the Memorandum of understanding between the Government of the Republic of Belarus and the European Bank for Reconstruction and Development of February 19, 1992. The Council of Ministers of the Republic of Belarus DECIDES:

1. Approve:

the list of projects (the main directions) planned for financing at the expense of means of the European Bank for Reconstruction and Development according to appendix 1;

the working plan of preparation and implementation of the investment projects and projects of technical assistance planned to financing by the European Bank for Reconstruction and Development according to appendix 2 *).

_________________

*) It is not brought.

2. To the ministries and departments to prepare according to established procedure necessary technical and economic documentation on receipt of the credits of the European Bank for Reconstruction and Development, to provide it for examination to Gosekonomplan, the Ministry of Finance, National Bank of the Republic of Belarus, the State committee on external commercial relations for the subsequent approval of Council of Ministers of the Republic of Belarus by the Currency and credit commission. By preparation of the specified documentation to consider the requirements and standards accepted in the European Bank for Reconstruction and Development, paying at the same time attention to respect for comparability of calculations of currency payback of borrowed funds.

In ten-day time after approval of documentation by the Currency and credit commission of Council of Ministers of the Republic of Belarus to provide to administration of Council of Ministers of the Republic of Belarus preparation and the direction in the European Bank for Reconstruction and Development, other international financial credit institutions of documents on government guarantees of repayment of the credits of these organizations.

And obtaining at it technical assistance to perform preparation and submission of documentation on attraction of the credits from the European Bank for Reconstruction and Development in the terms provided in appendix 2 to this resolution.

3. To the Ministry of Finance in coordination with the European Bank for Reconstruction and Development, the International Monetary Fund and the World Bank to determine till July 15, 1993 additional requirement for financing at the expense of funds of free aid of the international financial credit institutions of costs for creation of treasury, strengthening of the state tax authorities, training of the Belarusian specialists in the field of public finances and to send the corresponding appeal to the European Bank for Reconstruction and Development.

4. To Goskomstat in coordination with the European Bank for Reconstruction and Development to develop till August 1, 1993 the technical assistance program, the system of the state statistics and introduction of system of national accounts intended for strengthening and to submit it for consideration in Council of Ministers of the Republic of Belarus.

5. To management committee state-owned property under Council of Ministers of the Republic of Belarus to provide till July 15, 1993 to Council of Ministers of the Republic of Belarus reasons for need for non-paid financing by the European Bank for Reconstruction and Development of actions for privatization of the state companies, to implementation of pilot projects of privatization and training of the Belarusian specialists in the field of privatization.

6. To head department of production and economic services and reserves of Council of Ministers of the Republic of Belarus, the Management committee state-owned property under Council of Ministers of the Republic of Belarus to prepare offers on provision under lease or sale in the center of Minsk of the room for placement of representative office of the European Bank for Reconstruction and Development in Belarus in a month.

7. To administration of Council of Ministers of the Republic of Belarus to make the offer on the invitation of the adviser of the European Bank for Reconstruction and Development for work in the office of Council of Ministers of the Republic of Belarus in a month.

8. Offer National Bank of the Republic of Belarus taking into account the projects of technical assistance performed in banking sector of the republic through other international economic and finansovocreditny organizations, determine the need for additional external financing of development of this sector till July 15, 1993 and send the corresponding appeal to the European Bank for Reconstruction and Development.

9. Offer the Union of entrepreneurs of the Republic of Belarus, to the Belarusian union of entrepreneurs and lessees to work till August 1, 1993 projects of financing of small and medium scale enterprises in private sector at the expense of means of the European Bank for Reconstruction and Development and International Finance Corporation.

Prepare offers on participation of the European Bank for Reconstruction and Development in creation of the Belarusian investment fund for private sector.

10. Suggest the Managing director of the European Bank for Reconstruction and Development from the Republic of Belarus to take measures for the most complete use of opportunities of this bank for technical assistance to the republic and financings of investment projects.

Chairman of the board of Ministers

Republic of Belarus

V. Kebich

Managing Affairs of Council

Ministers of the Republic of Belarus

N. Kavko

Appendix 1

to the resolution of Council of Ministers of the Republic of Belarus of June 16, 1993 No. 399

The list of projects (the main directions) planned for financing at the expense of means of the European Bank for Reconstruction and Development (EBRD)

Power

Reconstruction and upgrade of the energy sector

Oil production

Sales research of tripartite projects with participation of Russia on production and oil refining in Siberia

Studying of technical and economic feasibility of projects implementation of upgrade of oil processing productions

Oil processing

Analysis of possibility of participation of the EBRD in reconstruction of oil processing productions

Transport

Structural adjustment of the transport sector, including purchase of spare parts for bus fleet

Analysis of possibility of connection of the EBRD to financing of creation of the Belarusian sea merchant marine fleet

Comprehensive examination of all modes of transport and development of strategy of their development and upgrade due to attraction of foreign investments

Communication

Project implementation "Telecommunication of Belarus"

Development of the strategy of development of telecommunications due to attraction of foreign investments

Road construction

Reconstruction of the highway Brest-Minsk-border with Russia

Automotive industry

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