Overview

China Development Bank provides $100 million loan to Belarusbank to support its day-to-day operations (Linked to Record ID#66783)

Commitments (Constant USD, 2023)$106,412,638

Commitment Year•2017Country of Activity•BelarusDirect Recipient Country of Incorporation•BelarusSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 1, 2017

Last repayment (originally scheduled): Feb 29, 2020

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

State-owned Banks

JSC JSSB Belarusbank

Loan desecription

China Development Bank provides $100 million loan to Belarusbank to support its day-to-day operations

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

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 {Record ID#66783). The proceeds of the loan were to be used by the borrower to finance the day-to-day activities of the bank.

Staff comments

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.