Today, a meeting of the Supervisory Board of the Development Bank was held under the chairmanship of the Prime Minister of the Republic of Belarus Roman Golovchenko. Key issues related to the results of the Bank's work in the current year and tasks for the next year were considered by the governing body.
"Traditionally, at the meeting of the Supervisory Board in December, we consider documents that will determine the work of the Development Bank in the next year. These are the main performance indicators for the next 12 months, budget estimate, investment budget. The preliminary results are already clear in principle. I will ask you to voice them in the report, since the formation of indicators for the next year also depends on the basic values of the current year," Roman Golovchenko said.
The Prime Minister noted that the tasks for the Development Bank are directly related to the most important parameters of the country's development, which are defined by the Head of State for 2025.
" Let me remind you, these are GDP growth by 4.1%, exports by 5.4%, capital investment by 7.8%. Maintaining high rates of economic growth also implies a tense mobilizing task for all state bodies and organizations of the government system, including the Development Bank," the Head of Government emphasized.
Roman Golovchenko stated that the number of projects financed by the Bank had increased significantly that year.
"We expect that the dynamics of investment support should not only be maintained, but also grow. Another strategic block is export support. The task is quite strenuous, given the difficult processes taking place in the economies of the countries that are major trading partners. Therefore, this area of activity requires appropriate financial support," the Prime Minister concluded.
The main report to the members of the Supervisory Board was made by the Chairman of the Management Board of the Development Bank Siarhei Staliarchuk, who spoke in details about the results in each of the areas of the Bank's activities.
"The work of our team in 2024 was focused on achieving the goals and objectives set for us by the head of state and the government. This year has been a record year for the Bank. The volume of financing of the economy reached 15 billion rubles, which is 30% higher than the previous year. In general, the share of the Development Bank's financing in investments in fixed assets also amounted to a record 8%, and 5% of all exports of Belarus with the participation of the Development Bank. This year, more than 110 organizations of the republic have become unique clients of the Development Bank. Each ruble of the export credit made it possible to receive three rubles of export earnings," Siarhei Staliarchuk said.
The amount of funds provided for the implementation of investment and other projects by the end of the year will amount to 3.5 billion rubles, which is a quarter more than in 2023. The number of financed projects and decisions taken by the Bank's collegial bodies on the opening of credit facilities for investment purposes has doubled this year. The Bank allocated 350 million rubles to support small and medium-sized businesses, financed about 1 thousand projects with a total value of more than 500 million rubles, covering 102 out of 118 districts of the country.
Siarhei Staliarchuk told journalists what was behind those figures, what effect the work of the Bank had on the economy.
"First of all, these are modern production facilities with new highly-paid jobs, the production of competitive and in-demand products. If we talk about infrastructure, these are new high-quality roads, healthcare and educational institutions. Export support is nothing more than attracting foreign exchange earnings to the country. Another important area is social. Every year we increase the amount of funds for active support of healthcare, sports, culture and other areas," the Chairman of the Management Board said.
Next year, in addition to meeting the quantitative parameters of its activities, the Bank will be focused on achieving new qualitative objectives aimed at comprehensive support of the economy.
"The results of 2024 for the Development Bank are historic, but for the coming year, the Supervisory Board has set even more ambitious goals for the team. Based on them, we are planning to achieve growth in each area of activity, thereby strengthening the economy of our business entities, regions and the country as a whole," Siarhei Staliarchuk summed up.
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