China commits $5.7B credit line to Belarus for investment projects (Linked to Record ID#67364, #42318, #66722, #42314, #66982, #66983, #42316, #66693, #42319 and #49039)

China commits $5.7B credit line to Belarus for investment projects On December 18, 2009, China Eximbank signed a framework agreement to open a $5.7 billion USD credit line for implementing investment projects in Belarus. Belarus, on its turn, starts putting its investments in a rapidly developing market of China.

In 2009, there was opened a joint company, AVIK-BELAZ Mine Trucks, in Beijing and a joint venture for assembling Belarusian forage harvesters in Harbin. The Ambassador has noted that a joint assembly plant for Belarus tractors intends to open soon in Harbin. This line of credit is a potential investment in the fixed capital.

Preliminarily, the Chinese side has accepted 14 projects including 3 projects in the transport industry, 8 projects in the energy, 2 projects in the telecommunications and a project to construct various facilities ahead of the IIHF World Championship in 2014. 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.