China provides $1 billion credit line to Belarus for tech industry

$1M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Belarus
Country	Belarus
Start Date	Dec 05, 2005
End Date	Feb 14, 2032
Duration	9,567 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42129`

Grant Description

China provides $1 billion credit line to Belarus for tech industry On December 5th, 2005, China provided a $1 billion credit line to Belarus for the development of the telecommunications industry and hi-tech sector.

📋 Loan / Grant Terms

💰 Loan Amounthas a maturity period of 15 to 20 years with a 3 to 5 year grace period

⏳ Grace Period5 years

The President of Belarus, Aleksandr Lukashenko, announced the deal during his visit to Beijing. In July 2006, the Belarusian government could not disburse the financing due to a lack of viable investment projects. As of 2020, no contracts have been signed.

📚 Sources & References

China ready to provide up to $1 billion in loans for economic projects in Belarus
Lukashenko says
China
Belarus sign contracts worth 500 mln dollars
Belarus cannot disburse $1 bln Chinese credit line due to lack of projects
Polish-Russian Relations in the Context of the EU’s New Eastern Policy Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.