Finance Ministry aspires to borrow USD 300 mln from population and businesses before year-end
A Finance Ministry representative announced plans to raise USD 500 million on the domestic market in 2014. In January – May 2014, the government managed to raise USD 200 million, therefore, during the remaining months of 2014 it will issue new bonds for individuals with one or two-year maturity period.
It is anticipated that foreign currency bonds might be sold at forex or a secondary security market could be created. Also, the largest state banks might issue new bonds. Due to anticipated loans from Russia, interest rates on securities might reduce, and bonds might be issued in Russian roubles.
The Belarusian authorities regard the Catholic conference as yet another international event to promote Minsk as a global negotiating platform. Minsk’s proposal to organise a meeting between the Roman-Catholic Church and the Russian Orthodox Church is rather an image-making undertaking than a serious intention. However, the authorities could somewhat extend the opportunities for the Roman-Catholic Church in Belarus due to developing contacts with the Catholic world.
Minsk is attempting to lay out a mosaic from various international religious, political and sportive events to shape a positive image of Belarus for promoting the Helsinki 2.0 idea.
Belarus’ invitation to the head of the Holy See for a meeting with the Patriarch of the Russian Orthodox Church should be regarded as a continuation of her foreign policy efforts in shaping Minsk’s peacekeeping image and enhancing Belarus’ international weight. The Belarusian authorities are aware that their initiative is unlikely to find supporters among the leadership of the Russian Orthodox Church in Moscow. In Russia, isolationist sentiments prevail.
In addition, for domestic audiences, the authorities make up for the lack of tangible economic growth with demonstrations of growth in Minsk’s authority at international level through providing a platform for religious, sportive and other dialogues.