Belarus and the EIB

The EIB also invests in the energy sector. In 2019, we provided €90 million for a project supporting biomass-based heat generators, grid modernisation and thermal renovation of buildings. We also contribute to better water management, improving access to clean and affordable water. 

We help smaller businesses to grow by facilitating their access to long-term financing. Since the start of its activities in Belarus, the EIB has committed €200 million to support small and medium-sized enterprises (SMEs) and mid-caps through local banks.

^*The EIB has been closely following the events in Belarus since the presidential elections in August 2020. Following the non-recognition of the results of the election by the European Union, the EIB put all new operations in the country on hold, and has delayed disbursements to the public sector pending further developments. In particular, the EIB is awaiting the outcome of the ongoing review of the EU’s relationship with Belarus undertaken by the European Commission and the European External Action Service, to which it has contributed.