Active Development AidData Chinese Aid

China Development Bank signs $300 million facility agreement with Belarusbank to support a variety of projects (Linked to Record ID#66935, #66938, #66934, #66941, and #85161)

$300M USD

Funder	China Development Bank (CDB)
Recipient Organization	JSC JSSB Belarusbank
Country	Belarus
Start Date	May 10, 2015
End Date	Feb 01, 2029
Duration	5,016 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66783`

Grant Description

China Development Bank signs $300 million facility agreement with Belarusbank to support a variety of projects On May 10, 2015, China Development Bank signed a $300 million loan facility agreement with Belarusbank, the state-owned bank of Belarus.

Subsidiary loans approved under this facility agreement include: a $100 million, 3-year loan to help fund Belarusbank's day-to-day operations (captured in Record ID#66934), a $50 million loan for small- and medium-sized enterprises (captured in Record ID#66938), an $11.8 million loan for the Grabniki Wind Farm Expansion Project (captured in Record ID#66941), a loan (with an unknown face value) for an Oversized Tire Factory Reconstruction Project (captured in Record ID#66935), a $20 million loan to support a Car Factory Reconstruction Project (captured in Record ID#85161).

📋 Staff Comments

Since whether credit line was fully drawn down is not clear right now, and some subsidiary projects of the framework were still in the commitment status, AidData set the status for the $300 million credit line as pipeline: commitment.

📚 Sources & References

History of the bank
中国与白俄罗斯签订大单：近20项协议价值157亿美元
Belarus-China projects get $300m soft loan facility (press release)
Belarusbank signs important documents with Chinese partners
Industries to use Chinese loans identified in Belarus 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.

All Grantees

JSC JSSB Belarusbank

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