Bbabo NET


The World Bank has changed the status of loans issued to Belarus

Belarus (, - All loans of the International Bank for Reconstruction and Development granted to Belarus or guaranteed by Minsk have been transferred to the status of non-performing since October 17. This was reported in the press service of the World Bank.

It is reported that as of October 14, Belarus's amount of delay to the IBRD was $ 68.43 million in equivalent. The principal outstanding on the loans is $967 million, or 0.42% of total outstanding IBRD loans. Under current financial institution procedures, all loans in a country are classified as nonperforming if any of them are overdue by more than six months. Thus, the transfer of loans to Belarus in the status of non-performing will entail the allocation to the income of the IBRD about $ 12.75 million in equivalent.

Recall that since May 2020, not a single new loan from the World Bank Group has been approved for Belarus. On March 2, 2022, in the republic, as in Russia, all WB programs were stopped. Minsk does not refuse to fulfill its debt obligations. Due to the imposed sanctions, the Belarusian side was forced to execute them in the national currency, but the infrastructure of international organizations does not allow this.

The World Bank has changed the status of loans issued to Belarus