PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of June 17, 2008 No. 343

About provision of credit resources for 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. Charge to banks according to appendix in 2008-2010 to issue to the organizations for the lists determined by regional executive committees, the credits in Belarusian rubles and foreign currency for total amount 1, in 7 trillion 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 called in part one of this Item.

The specified credits are repaid within 8 years in year after input of production facility of agro-industrial complex in operation or completion of its reconstruction, technical retrofitting and repair in accordance with the established procedure.

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

in the amount of 3 percent points of margin - the organizations which obtained such credits in Belarusian rubles;

in the amount of refunding rate of National Bank - on the credits issued in Belarusian rubles and in the amount of rate on the credit - on the credits issued in foreign currency at the expense of means of the republican budget, including fund of support of producers of agricultural products, food and agrarian science.

2. Guarantees are provided to the banks performing issuance of credits according to Item 1 of this Decree:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info