China Development Bank provides $100 million loan to Belarusbank to support its day-to-day operations (Linked to Project ID#66783)
Commitment amount
$ 115233815.70209737
Adjusted commitment amount
$ 115233815.7
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Belarus
Sector
Banking and financial services (Code: 240)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
In April 2016, China Development Bank signed a Memorandum of Understanding (MoU) to supply $100 million credit line to Belarusbank. Then, on March 1, 2017, China Development Bank and Belarusbank — a state-owned bank in Belarus — signed a $100 million working capital loan agreement. The loan carried a 3 year tenor (maturity), but its interest rate and grace period are unknown. The $100 million loan to Belarusbank was within the framework of the $300-million Facility Agreement as of 2015 (captured via {Project ID##66783). The proceeds of the loan were to be used by the borrower to finance the day-to-day activities of the bank.
Additional details
1. This CDB loan is not included in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.
Number of official sources
5
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Belarusbank [State-owned Bank]
Loan Details
Maturity
3 years