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17.12.2019

Belarus, CDB sign RMB 3.5bn loan agreement

An agreement for the provision of a term loan in the amount of RMB 3.5 billion (equivalent to USD 500 million) was signed in Shanghai on December 16 between Belarus (represented by the Ministry of Finance) and Shanghai branch of China Development Bank. According to the official website of the Belarusian Ministry of Finance, Minister Maxim Yermolovich signed the document on behalf of Belarus.

Срочный кредит

Term loan

The agreement was signed largely due to the active position of Belarusbank representative office in Beijing which helped facilitate the attraction of the loan.

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