China Development Bank provides EUR 100 million loan to Belarusbank for the development of Belarus' national economy
Commitment amount
$ 125835733.30654436
Adjusted commitment amount
$ 125835733.31
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
Central government-guaranteed debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
Number of official sources
3
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Belarusbank [State-owned Bank]
Guarantee provider [Type]
Government of Belarus [Government Agency]