Spark Global Limited reports：
The management of the European Bank for Reconstruction and Development (EBRD) is pushing to halt private sector investment in Belarus because of the country’s difficult background, a person familiar with the matter said on Wednesday.
“In the current circumstances, the EBRD management does not think it is appropriate to consider any new projects in Belarus, whether they are in the private or public sector,” the source told Reuters.
However, the person added that a formal decision on such a move was up to the bank’s board.
In July, The Bank’s president, Odile Renaut-Basso, confirmed that the bank’s board had decided not to carry out any more public sector projects in the country, although she said at the time that private sector projects would continue.
The EBRD currently has 914 million euros ($1.03 billion) invested in 65 projects in the country, 60 percent of which is in the private sector.
Most of the projects were signed before August 2020. That came as President Alexander Lukashenko tightened his grip on the country after a disputed election that sparked mass protests and new sanctions from Western governments.
The next EBRD board meeting is scheduled for Nov. 24.
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