RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of April 6, 2016 No. 279

About approval of the Regulations on procedure for provision by "Development Bank of the Republic of Belarus" open joint stock company of export loans and the inventory on which acquisition export loans are granted

According to subitem 3.1 of Item 3 of the Presidential decree of the Republic of Belarus of August 25, 2006 "About assistance to commodity export development (works, services)" and the paragraph third subitem 1.7 of Item 1 of the Presidential decree of the Republic of Belarus of February 23, 2016 No. 78 "About measures for increase in efficiency of social and economic complex of the Republic of Belarus" the Council of Ministers of the Republic of Belarus DECIDES: No. 534

1. Approve enclosed:

Regulations on procedure for provision by "Development Bank of the Republic of Belarus" open joint stock company of export loans;

the inventory on which acquisition export loans are granted.

2. This resolution becomes effective after its official publication.

Approved by the Resolution of Council of Ministers of the Republic of Belarus of April 6, 2016 No. 279

Regulations on procedure for provision by "Development Bank of the Republic of Belarus" open joint stock company of export loans

1. This Provision determines procedure for provision by "Development Bank of the Republic of Belarus" open joint stock company (further – Development bank) export loans, including within credit lines, on the conditions determined in subitem 3.1 of Item 3 of the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534 "About assistance to commodity export development (works, services)" (The national register of legal acts of the Republic of Belarus, 2006, No. 143, 1/7870).

2. The organizations applying for receipt of export loan (further – the organizations), submit the documents determined by local acts of this bank to Development bank.

3. Development bank within five-day term from the date of receipt of the documents submitted by the organizations according to Item 2 this provision sends to the Belarusian republican unitary enterprise of export-import insurance "Beleksimgarant" (further - Beleksimgarant) the documents provided in rules of insurance of export risks with support of the state.

4. The Beleksimgarant within ten-day term from the date of receipt of the documents submitted according to Item 3 this provision analyzes them, makes the decision on insurance of export risks with support of the state or on impossibility of insurance of export risks with support of the state and reports about the made decision to Development bank.

5. Development bank within 10 days from the date of receipt of the decision of Beleksimgarant on possibility of insurance of export risks with support of the state makes the decision on provision (failure to provide) of export loan and in case of the positive decision sends to the organization the draft of the credit agreement.

The credit agreement is signed with the organization in seven-day time from the date of receipt of coordination from this project organization of the credit agreement.

Beleksimgarant's decision on impossibility of insurance of export risks with support of the state is the basis for refusal by Development bank in provision of export loan.

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