Belarus economic development
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25.04.2019

EUR 100 million for economic development: Belarusbank takes part in Belt and Road Forum

Representatives of Belarusbank participate in the 2nd Belt and Road Forum for international cooperation. On the sidelines of the event there was organized a meeting of two heads of state, Alexander Lukashenko and Xi Jinping. Chairman of the Board of Belarusbank Viktar Ananich took part in the meeting as a member of the Belarusian delegation.

Forum for international cooperation

The presidents of Belarus and China noted that since the declaration of the Belt and Road Initiative 6 years ago the bilateral cooperation in the framework thereof has been successful. Great Stone Industrial Park was mentioned as a perfect example of such cooperation.

During the visit to Beijing Belarusbank delegation signed a loan agreement with China Development Bank to the tune of EUR 100m. The funds will be used for the development of the national economy.

loan agreement in Beijing

(The document was signed by Director of CDB Liaoning Branch Hong Dengjin and Chairman of the Board of Belarusbank Viktar Ananich.)

Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy was invited to participate in the signing ceremony.

Belarusbank has been active in the Chinese market for over a decade. As the largest bank in its home country, Belarusbank is the only Belarusian bank that has a representative office in China. In addition, Belarusbank represents the Republic of Belarus in the Interbank Consortium of the Shanghai Cooperation Organization.

The prime engine of the organization is Belarusbank’s main partner both in China and in the Asian region as a whole – China Development Bank.

Belarusbank partners

(Photo: Director of CDB Liaoning Branch Hong Dengjin, Ambassador of the Republic of Belarus to China Kirill Rudy, Chairman of the Board of Belarusbank Viktar Ananich)

Shortly before the visit of Belarusian President Alexander Lukashenko to Beijing there were signed over a dozen Belarus-China agreements in the spheres of medicine, education, joint manufacturing enterprises and investments. Top executives of Belarusbank took part in the signing ceremony that was hosted by the Belarusian Embassy in China.

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