Overview

China Development Bank provides EUR 100 million loan to Belarusbank for the development of Belarus' national economy

Commitments (Constant USD, 2023)$116,251,363

Commitment Year•2019Country 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: Apr 24, 2019

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

Guarantors

Government Agencies

Government of Belarus

Loan desecription

China Development Bank provides EUR 100 million loan to Belarusbank for the development of Belarus' national economy

Interest type•Unknown

Narrative

Full Description

Project narrative

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.