The European Bank for Reconstruction and Development, or EBRD, is extending a $50 million loan to Belarussian bank Belpromstroibank, which has the country’s third-largest network of retail branches and is owned by Russia’s Sberbank. Sberbank will add another $100 million to the EBRD’s five-year commitment, designed to encourage private enterprise in Belarus. Sixteen million dollars of the EBRD loan will be allocated to micro and small enterprises, while the remaining $34 […]