China loans Belarus $1 Billion in Export Buyer's Credits (Linked to Record ID#42314, #66982 and #66983)

Funder	China (People's Republic of)
Recipient Organization	Belarus
Country	Belarus
Start Date	Mar 01, 2010
End Date	Aug 28, 2027
Duration	6,389 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42214`

Grant Description

China loans Belarus $1 Billion in Export Buyer's Credits On March 24, 2010, China pledged to loan Belarus $1 billion USD in preferential buyer's credits, while Belarus will support Beijing's position on Taiwan.

President Alexander Lukashenko announced that they will realize projects with an estimated cost of $1 billion USD, paid by China.

Belarus will spend the money on the modernization of the Minsk Airport (#42314) and the largest power plants, Lukoml (#66982) and Bereza (#66983). 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.