Belarus has prerequisites for further reduction of the refinancing rate - N.Yermakova

July 22, Minsk / Olga Belyavskaya - BELTA /. Belarus has prerequisites for further reduction of the refinancing rate. This was stated today at a press conference by the Chairperson of the Board of OJSC "ASB Belarusbank" Nadezhda Ermakova, BELTA correspondent reports. "The refinancing rate in the country will decrease, there are prerequisites for this," said Nadezhda Ermakova. Investment projects are of particular importance for the country's economy today. Belarusbank actively promotes their implementation. In the first half of this year alone, about Br3.8 trillion was allocated to investment projects. With the funds of Belarusbank, work was carried out to expand the production of Gomselmash, MAZ, MTZ, organize submicron production at Integral, modernize rolling stock at Belarusian Railways, and replenish the fleet of agricultural machinery. Nadezhda Ermakova noted that the largest project implemented with the participation of Belarusbank is the construction of cement plants. Speaking about support for agriculture, the head of Belarusbank noted that Belagroprombank is mainly involved in this in Belarus. At the same time, Belarusbank can also provide the necessary assistance if necessary. "If the planned harvest is not obtained, if our support is required, Belarusbank will lend a helping hand," she said. "We will not leave agricultural producers or our processing enterprises alone with their problems." Nadezhda Ermakova recalled that Belarusbank had previously provided such support to enterprises in the sugar industry.