Commentary to Decree No. 107 of 4 March 2013

    President of Belarus Aleksandr Lukashenko signed Decree No. 107 “On conducting control assessment” on 4 March.

    Belarusbank, Belagroprombank, the Development Bank of the Republic of Belarus are vested with the authority to conduct control assessment of the volume of construction and installation works and costs at the facilities which are built (rebuilt) using loans issued by these legal persons.

    This norm is relevant for the loans provided on preferential terms.
    The decree will enhance control over the targeted use of loans and other forms of assistance provided by the state to the non-financial sector of the economy, raise the efficiency of using state investments and create a mechanism of economic responsibility for the quality of works at all stages of construction which is financed out of budget funds.