FinMin confirms plans to draw credit from China Development Bank in 2019

03 June 2019

MINSK - Vice Minister of Finance Andrei Belkovets has conformed Belarus’ plans to take out a loan in the amount of $500-600 million from the China Development Bank in 2019.

Belkovets was reported to have meetings at the China Development Bank and the Export-Import Bank of China in May.  In his words, during those meetings Belarus and China discussed the terms of borrowing and other relevant arrangements.

Belarus earlier signed a memorandum with the China Development Bank and counted on credit cooperation. In the parties come to terms, Belarus may use the Chinese credit money to refinance its external debt.


Ministry of Foreign Affairs of the Republic of Belarus