Not for the fainthearted
It obviously takes a lot of guts - and muscle - to invest in Belarus. The country’s reputation is far from savoury - and this has nothing to do with the sad fact that Belarus is the country most affected by the nuclear fall-out following the Chernobyl disaster. Nevertheless, the International Finance Corporation (IFC), the private sector financing arm of the World Bank Group, has signed an agreement to make an equity investment of USD3 million in Detroit Belarus Brewing Company ("DBBC") and to lend USD7
million to CJSC Belarus Brewing Company ("BBC"). DBBC and BBC are participating in the privatization of Dednovo Brewery ("Dednovo"), located in Bobruisk of the Mohilev Region in central Belarus.
This is the first privatization of a brewery involving western investors. For many U.
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