The International Finance Corporation plans to implement deals in the financial sector and the agribusiness of Belarus in 2013. The information was released by head of the IFC representative office in Belarus Ms Olga Shcherbina at the third international forum Capital Market of the Republic of Belarus on 28 February, BelTA has learned.

Speaking about prospects of investing in Belarus in 2013, Olga Shcherbina remarked: “In the near future we would like to reach the level of the financial year 2011 when we had $125 million. It is a sum we would like to aim for. We have several deals in development. Those are deals in the financial sector and agribusiness,” remarked the IFC representative. She underlined the volume of the money the IFC invests in Belarus is still very far from the theoretical maximum credit limit set for the country.

A while ago the IFC implemented several successful deals in the Belarusian agribusiness. “At present the IFC pays close attention to the agribusiness sector because the IFC and the World Bank Group have undertaken certain obligations before the G20 to reduce the food security problem in the world,” explained Olga Shcherbina. IFC invests in private business.

Belarus became an IFC member in 1992. At present the corporation focuses efforts on improving the business environment and the investment climate in Belarus and raising the competitive ability of the private sector. Apart from major projects in the real sector of the economy support for private exporters in line with the Global Trade Finance Program (GTFP) is an important component of the IFC operation in Belarus.

Belta