The EBRD and Belarus are joining forces to improve the domestic investment climate and corporate standards, with new initiatives in the area of local currency lending to small and medium-sized enterprises (SMEs) and the commercialisation and governance of state-owned enterprises.

During a visit by EBRD President Sir Suma Chakrabarti to Belarus, the Bank and the authorities signed two Memorandums of Understanding (MoU) to this effect in Minsk today.