Mobile version
Projects
Services
Government Bodies

Belarus to raise soft loan from China for investment project in agriculture

Economy 08.02.2018 | 14:28

MINSK, 8 February (BelTA) – Belarus will get a subsidized loan from China in 2018-2023 to implement an investment project worth 1.75 billion yuan. The decision is stipulated in the Council of Ministers' Resolution No.105 dated 7 February 2018, BelTA learned from the press service of the government.

“The Council of Ministers gave an instruction to arrange China's subsidized loan in 2018-2023 for up to 15 years to set up a high-technology full-cycle agricultural manufacturing facility in 2016-2032 (first stage). The investment project is estimated at 1.75 billion yuan,” the press service noted.

The resolution approved a draft agreement to take out a soft loan to set in motion the investment project between the Belarusian government (represented by the Finance Ministry) and the Export-Import Bank of China as a basis for holding talks.

The Council of Ministers authorized Economy Minister Vladimir Zinovsky to conduct negotiations on the project, sign a loan agreement when the approved project is agreed upon, and seal the documents required to implement the agreement.

The resolution was adopted in accordance with decree No.252 of 18 April 2006, which regulates external government loans and external loans taken out against Belarus government guarantee. The resolution comes into force after its official publication.

Print version
More about Economy
Latest news
All news
Weather
Minsk
Baranovichi
Bobruisk
Borisov
Brest
Warsaw
Vilnius
Vitebsk
Gomel
Grodno
Zhlobin
Kiev
Lida
Minsk
Mogilev
Mozyr
Moscow
Orsha
Polotsk
Riga
Saint Petersburg
Soligorsk
Day 0..0°C Broken clouds
Night 0..+-2°C Overcast sky