MINSK, 11 May (BelTA) - Belarus and Mongolia signed an intergovernmental general agreement on an export loan. Supplies of Belarusian machinery to Mongolia will be financed by the Development Bank of the Republic of Belarus, BelTA learned from the bank.
The general agreement provides for the total credit limit of €50 million. Plans are in place to sign the first individual loan agreement with the Development Bank to finance the supply of fire equipment to Mongolia.
“Taking into account the intensification of bilateral cooperation, Belarus will continue to develop export credit projects to finance the supplies of Belarusian products to Mongolia,” the bank said.
The general agreement was signed in Ulaanbaatar during a visit of a Belarusian delegation to Mongolia. The delegation members met with the leadership of the Ministry of Food, Agriculture and Light Industry, Ministry of Finance, Ministry of Transport, the State Agency for Emergency Situations, the mayor of Ulaanbaatar, and several Mongolian companies interested in supplying Belarusian equipment.
