PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of July 9, 2007 No. 313

About some questions of construction, reconstruction, technical retrofitting and repair of production facilities of agro-industrial complex

For the purpose of financing of construction, reconstruction, technical retrofitting, capital and running repair of production facilities of agro-industrial complex I decide:

1. Offer banks according to appendix in 2007-2008 to issue for a period of 5 years to the organizations for the lists determined by regional executive committees, the credits in Belarusian rubles and foreign currency for the total amount of 680 billion rubles for construction, reconstruction, technical retrofitting, capital and running repair of production facilities of agro-industrial complex with collection of interest for using by them in Belarusian rubles in the amount of the refunding rate of National Bank increased no more than by 3 percent points of margin in foreign currency in the amount of no more than 12 annual interest rates. At the same time foreign currency loans are issued on acquisition of the import equipment used for the purposes specified in this part.

Percent on the loans granted according to part one of this Item are paid:

in the amount of half of the refunding rate of National Bank increased no more than by 3 percent points of margin, the organizations which obtained such credits in Belarusian rubles and in the amount of half of rate on the credit - the organizations which obtained these foreign currency loans;

in the amount of half of refunding rate National банкапо to the credits issued in Belarusian rubles and in the amount of half of rate - on the credits issued in foreign currency. Percent on these credits are paid for the account of means of republican fund of support of producers of agricultural products, the food and agrarian science provided on compensation of losses of banks in connection with issue of soft credits to the organizations of agro-industrial complex, incentivization of percent on the credits obtained by these organizations.

Guarantees are provided to the banks performing issuance of credits according to part one of this Item:

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