"We will not get USD 2.5 billion from privatization. But I would not make a tragedy out of it” Myasnikovich said. Belarus has other mechanism to ensure support of a necessary gold and currency reserves, according to the Prime Minister.
It is worth mentioning the state-owned property privatization at USD 2.5 billion is one of conditions Belarus must fulfill to get in full the emergency loan provided by the EurAsEC Anti-Crisis Fund (ACF).
In June 2011 the AFC approved the decision to grant a loan at USD 3 billion to Belarus. As of today three tranches at USD 1.68 billion were transferred. Belarus expects to get the fourth tranche at USD 440 million in the current year. The EurAsEC Anti-Crisis Fund can transfer two tranches in 2013.
It will be recalled that at present the Negoreloje beeswax and hive works OJSC is the only one enterprise the privatization of which is announced publicly and planned to be held this year. The State Property Committee will hold the tender on sale of 93% shares of the enterprise on December 19. The balance-sheet value of stake is BYR 108.9 million as of January 1, 2012. The initial price of shares is BYR 2.14 billion (over USD 250 thsd).
The State Property Committee, regional executive committees and the Minsk City Executive Committee must submit to the Government their proposals on the list of entities whose privatization will enable to attract at least USD 2.5 billion to the country in 2013. This is a decision included in the Resolution of the Council of Ministers published on November 6.