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years. As the next step, we plan to acquire a stake in the bank within the framework of cooperation between the Belarusian government and the EBRD,” Chakrabarti said, adding the valuation of the bank has yet to be agreed. The EBRD has not yet decided on the amount of stake, which can reach 20-25% at the most. It can be a smaller package of shares. The EBRD expects to complete the stake purchase transaction in H1 2019.
8.2 Central Bank policy rate
The National Bank of Belarus (NBB) intends to cut its benchmark interest rate to 14-16% by the end of 2017 , its deputy chairman Sergei Kalechit said on October 4.
29 BELARUS Country Report April 2019 www.intellinews.com
