The South Caucasus country's Economy Ministry has presented a project, which envisages the allocation of loans of up to 10 million lari ($3.2 million) to companies focused on exports.

The agency said that the bank would likely maintain its stable funding profile and liquidity position as it remained an important financial institution for the government.

Belarus's economy returned to growth in the first quarter of this year, at 0.9 percent, after contracting by 0.9 percent in 2020, despite shocks from the oil sector, pandemic and political developments.

The White House has also confirmed the meeting between the Presidents of the United States and Ukraine Joe Biden and Volodymyr Zelensky that is expected to take place on Tuesday in Washington.

Net profit increased to 403.4 million lari ($130 million) in the first half of the year from 69.2 million lari in the same period last year.