The Bank aims to promote economic and social development and improve the lives of people in Belarus. The EIB operates in line with the European Neighbourhood Policy (ENP), the Eastern Partnership (EaP) and other EU bilateral agreements.
We support the extension of the Trans-European Transport Network (TEN-T) through the rehabilitation of roads. A €110 million loan for the Belarus Transport Connectivity project is helping to improve trade and mobility between Belarus and the EU by upgrading the M7 highway and creating safer driving conditions.
We help smaller businesses to grow by facilitating their access to long-term financing. Since the start of its activities in Belarus, the EIB has committed €200 million to support small and medium-sized enterprises (SMEs) and mid-caps through local banks.
*The EIB has been closely following the events in Belarus since the presidential elections in August. Following the non-recognition of the results of the election by the European Union, the EIB put all new operations in the country on hold, and has delayed disbursements to the public sector pending further developments. In particular, the EIB is awaiting the outcome of the ongoing review of the EU’s relationship with Belarus undertaken by the European Commission and the European External Action Service, to which it has contributed.