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China Development Bank provides EUR 100 million loan to Belarusbank for the development of Belarus' national economy
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | JSC JSSB Belarusbank |
| Country | Belarus |
| Start Date | Apr 24, 2019 |
| End Date | May 19, 2032 |
| Duration | 4,774 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 89961 |
Grant Description
China Development Bank provides EUR 100 million loan to Belarusbank for the development of Belarus' national economy On April 24, 2019, China Development Bank and Belarusbank signed an EUR 100 million loan agreement in Beijing, China. The purpose of the loan is to aid in the development of Belarus's national economy.
On October 3, 2019, a government guarantee was provided by Belarus's Council of Ministers in return for 1% of the loan's amount from Belarusbank. The specific terms of the loan agreement are unknown.
The visit of Belarusbank's top executives to Beijing and the signing of the loan agreement coincided with the 2nd Belt and Forum for International Cooperation held from April 25 to 27, 2019.
Sources & References
- Belarusbank
- CDB sign EUR 100m loan agreement
- Government to guarantee repayment of Chinese loan for Belarusbank
- China to provide €100m loan to Belarus, 2019 Data on Chinese Official MLT Export and Trade-related Financing
- Belarus buddies up with China as an alternative to Russia
- Belarus-China: Avoiding the “Debt Trap”
- The Non-Strategic Partnership: Belarus-China Relations, Китай кредитует модернизацию белорусских железных дорог Подробности: https://regnum.ru/news/economy/2619693.html Любое использование материалов допускается только при наличии гиперссылки на ИА REGNUM., 100 млн евро для развития экономики: руководство «Беларусбанка» принимает участие в II Форуме «Пояс и путь» в Пекине
- 中国将向白俄罗斯银行提供1亿欧元贷款发展经济 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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