Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • fx
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home»Finance

    EU supports Belarus democracy with EUR 3 bn finance package

    npsBy nps1 June 2021 Finance No Comments3 Mins Read
    — Filed under: Belarus EU News Headline2
    Share
    Facebook Twitter LinkedIn Pinterest Email
    EU supports Belarus democracy with EUR 3 bn finance package

    Alexander Lukashenko – Photo BELARUS.BY

    (BRUSSELS) – The EU Commission outlined Friday a plan of economic support to a future democratic Belarus, reflecting EU commitment to support the Belarusian people’s wishes for a peaceful democratic transition.

    The plan, of up to EUR 3 billion, follows the country’s presidential elections of August 2020, which the EU says were neither free nor fair. The EU’s message is clear, said Commission president Ursula von der Leyen: “To the people of Belarus: we see and hear your desire for change, for democracy, and for a bright future. And to the Belarusian authorities: no amount of repression, brutality or coercion will bring any legitimacy to your authoritarian regime.”

    Once Belarus embarks on a democratic transition, the EU says it will activate the €3 billion package, a mix of grants and loans leveraging public and private investments, to help Belarus to stabilise its economy, reform its institutions to make them more democratic and help increase the economy’s resilience, growth potential and job creation.

    The newly presented outline highlights several indicative measures to enhance Belarus’ resilience:

    • First, through direct financial support the EU will boost the country’s economic recovery. This will help restore macro-economic stability in Belarus and strengthen its precarious fiscal situation. In addition, the EU will organise an EU-Belarus High Level Investment Forum to expand investment and trade opportunities and an EU High Level Donor Meeting to raise additional EU grant resources required to finance and mobilise EU expertise and investments to support the economic transition. With these initiatives, the EU expects to mobilise up to €1.5 billion* in EU loans as well as public and private investments.
    • Second, the EU will mobilise a Transition Package of up to €400 million in grant assistance under the Neighbourhood, Development and International Cooperation (NCIDI)-Global Europe to support the democratic transition and address key structural reforms. This will include enhancing the quality of justice, improving business environment and supporting SME’s development. EU funding will also aim to contribute to the education and health care systems reform and provide assistance to strengthening social safety nets and protecting the most vulnerable households. Support to civil society, including enhancing their role in decision-making at all levels of government and work as watchdog and support for a free and independent media, will remain at the core of the EU’s actions.
    • Third, the EU will invest in sustainable infrastructures and the green and digital transformation. In partnership with International Financial Institutions, the EU expects to mobilise up to €100 million in grant funding to leverage up to €1 billion of key public and private investments supporting the country’s green and digital transformation, connectivity and access to finance for Belarusian SMEs.

    In addition and complementary to the economic plan, the EU says it will offer to conclude a bilateral framework agreement in order to reinforce the longer-term relations between the EU and a democratic Belarus.

    Factsheet on the EU’s comprehensive plan of economic support to democratic Belarus

    Outline of the proposed comprehensive plan of economic support to a future democratic Belarus

    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    Council agrees reform of EU VAT rules for the digital age

    Eurozone Economic Calendar

    One step closer towards a Single VAT Registration in the EU

    Funding Opportunities in the European Union

    Guide to accessing EU funding and tenders

    LATEST EU NEWS

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    EU artificial intelligence factories set for 2025

    13 November 2024
    BRIEFING

    Agenda

    This week, COP29 begins in Azerbaijan; finance ministers discuss the EU's annual budget for 2025; and MEPs hold a plenary session on EU-US relations, EU summits, deforestation and COP 29...

    EUbusiness Week

    This week competitiveness and environment ministers will hold informal meetings…

    Eurozone Economic Calendar

    Key economic calendar events for the week 11 to 16 November 2024

    The Week's Top Stories

    This week competitiveness and environment ministers will hold informal meetings…

    Advertisement

    Subscribe to EUbusiness Week

    Get the latest EU news

    Latest Posts

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Tems
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025
    Design and developed by : Dotsquares

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok