The EBRD in Belarus
The Bank has made no new investments in in Belarus since 2021
In April 2022, the EBRD’s Board of Governors decided to suspend Belarus’ access to the Bank’s resources, in response to the invasion of Ukraine. The Bank has closed its offices in Minsk. Belarus continue to be a shareholder of the Bank.
In addition, we remain deeply concerned by the situation with human rights and freedom of speech inside Belarus. Ever since the disputed Presidential election of August 2020, we have urged the authorities to pursue an inclusive national dialogue to explore a way forward.
In the light of our Governors’ decision in April 2022, the Bank has notified relevant borrowers that their right to request any further drawdowns under their loan agreements with EBRD has been suspended.
Furthermore, the Bank notified relevant project entities that their right to any further disbursements under any grant agreements has also been suspended.In case of additional questions, inquiries can be submitted in writing to: ebrdbelarus@ebrd.com
141
projects in Belarus
€2,818 million
cumulative investment
52%
private sector share of portfolio
€245 million
current portfolio of projects