MINSK, 6 March (BelTA) – Belarus is working hard towards the possibility of floating government bonds on the Asian market, BelTA learned from Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy on 6 March after the presentation of his book Because We Decided So: Behavioral Economics of Belarus.
The ambassador noted: “Vigorous work is in progress on floating Belarusian government bonds on the Asian market. We have already signed an agreement on getting a Chinese rating. I think we will get close to it this year. The sums will depend on Belarus' need to borrow money to refinance debts and implement investment projects.”
In his words, the opening of the Chinese market for Belarusian bonds has influenced the appeal of eurobonds. “European and American investors understand that if they ask too much, we can always go to China,” stressed the ambassador.
Kirill Rudy said he believes that Asian investors are interested in the floatation of Belarusian bonds. “They are interested more in the region than in the country. They estimate [the possibility of Belarusian bonds getting floated] rather positively. They look at macroeconomic indicators and those are getting better,” said the ambassador.
“There is a saying about financial markets: don't take money when you need it, take money when they give it to you and when the time is right. Now is one of the best times on the financial market for borrowing money cheaply in order to repay expensive loans,” believes Kirill Rudy.
A presentation of Kirill Rudy's book Because We Decided So: Behavioral Economics of Belarus took place in Minsk on 6 March. The new book is a continuation of the multi-authored monograph Financial Diet: State Capitalism Reforms (the Path for Belarus), which was published in 2016.
Kirill Rudy's new book was published by the Belarusian publishing house Zviazda with financial assistance of the United Nations Organization in Belarus in association with the UK embassy and Belarusky Narodny Bank (BNB Bank).