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News

Belarus’ govt confirms commitment to $2.5bn privatization target

MINSK, - PRIME-TASS. The Government of Belarus has confirmed its commitment to the EurAsEC Financial Bailout Fund to auction off $2.5 billion worth of state-owned property in 2012.

Belarus’ Vice Prime Minister Sergei Rumas made a statement to this effect in an interview on Thursday.

Agencies concerned are busy to make sure the government gets $2.5 billion in privatization proceeds in 2012, Rumas said.

Asked which prominent assets might be sold within the next few months, the vice premier said the government had been simultaneously working on a series of privatization projects. “Those are the MAZ-KamAZ deal and other projects. Only time will show which of them will be finalized this year,” Rumas said.

One of the key requirements Belarus must meet to get the fifth tranche of the stand-by loan from the EurAsEC Financial Bailout Fund is that the government should earn at least $2.5 billion in proceeds from state property privatization.