EBRD to help privatise state-owned bank in Belarus

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday an unprecedented deal with Belarus to participate in privatising a state-owned bank in the ex-Soviet republic whose economy remains largely state-controlled. A preliminary deal providing for the Belarus government to sell its controlling stake in the country's fourth-largest bank, Belinvestbank, by 2020 was struck during EBRD's annual meeting in the Georgian capital Tbilisi.