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2016-09-14 15:00:00

WBG BUYS BELARUS

WBG BUYS BELARUS

WBG wrote, Ms. Satu Kahkonen, the newly appointed Country Director for Belarus, Moldova and Ukraine, visited Belarus to exchange views on the country's development priorities and areas of cooperation, including the next phase of its structural transformation.

During her visit, Ms. Kahkonen met with H.E. First Deputy Prime Minister Vasily Matyushevsky, H.E. Deputy Prime Minister Anatoly Kalinin, H.E. Pavel Kallaur, Chairman of the Board of the National Bank of the Republic of Belarus, and representatives of the private sector, as well as the country's development partners.

Ms. Kahkonen also attended the opening ceremony for the new World Bank Group Office, which houses both the World Bank and the International Finance Corporation (the Group's private sector arm). The colocation provides an opportunity to bring together the skills and expertise of the World Bank Group's institutions to deliver more integrated services to the country.

"Belarus has many advantages and a huge potential. We are in a time of opportunities and the World Bank would like to continue helping the country to reinforce its productive sector and strengthen social protection mechanisms in order for Belarus to reach where it dreams to be, from a country in transition toward a high-income economy," said Ms. Kahkonen.

Over the past three years, under the current World Bank Group Country Partnership Strategy for Belarus, the World Bank's active portfolio for the country has grown rapidly, from US$ 500 million to US$ 1 billion, composed of projects in energy, water, solid waste management, transport, customs reform, forestry, education, and public finance management.

New projects are currently being finalized – one on improving competitiveness and the other on enhancing health service delivery. Since the Republic of Belarus joined the World Bank in 1992, lending commitments to the country have totaled US$ 1.5 billion.

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Earlier: 

WBG BUYS EGYPT 

WBG: OIL PRICES $53 - $60 

WBG: 2016: OIL PRICE $43 

WBG: GLOBAL GROWTH DOWN TO 2.4% 

WBG WANTS CENTRAL ASIA 

WBG WANTS INDONESIA 

WBG BUYS AZERBAIJAN

 

 

Tags: WBG, BELARUS

Chronicle:

WBG BUYS BELARUS
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LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

WBG BUYS BELARUS
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

WBG BUYS BELARUS
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

WBG BUYS BELARUS
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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