Directive: Belarus intends to attract at least $500 million a year from China to finance investment projects in 2022-2025
<p> MINSK, Dec 3 - PrimePress. Belarus intends to attract at least $500 million annually from China to finance investment projects in 2022-2025, in accordance with Directive #9 on advancing Belarus-China bilateral relations, which was signed by Belarusian President Alexander Lukashenko on 3 December. </p> <p> </p> <p> The text of the document has been posted on President Alexander’s web site. </p> <p> </p> <p> Under the directive, Belarus will expand credit and finance cooperation at the interbank level and develop relations with investment funds (Silk Road Fund, China-Eurasia Economic Cooperation Fund) and the Asian Infrastructure Investment Bank. </p> <p> </p> <p> In 2022-2024, it is planned to provide annual borrowings from China to refinance Belarus’ public debt in the amount of at least $300 million. </p> <p> </p> <p> The Directive provides for the use of national currencies in mutual trade, the Chinese yuan in diversifying the structure of gold and foreign exchange reserves, and the placement of corporate securities. </p> <p> </p> <p> In 2022-2023, it is planned to attract Chinese companies and financial institutions to the China-Belarus Investment Fund as co-founders to ensure its operation. End </p> <p> </p> <p> </p>
2021-12-04
Primepress
Directive: Belarus intends to attract at least $500 million a year from China to finance investment projects in 2022-2025
MINSK, Dec 3 - PrimePress. Belarus intends to attract at least $500 million annually from China to finance investment projects in 2022-2025, in accordance with Directive #9 on advancing Belarus-China bilateral relations, which was signed by Belarusian President Alexander Lukashenko on 3 December.
The text of the document has been posted on President Alexander’s web site.
Under the directive, Belarus will expand credit and finance cooperation at the interbank level and develop relations with investment funds (Silk Road Fund, China-Eurasia Economic Cooperation Fund) and the Asian Infrastructure Investment Bank.
In 2022-2024, it is planned to provide annual borrowings from China to refinance Belarus’ public debt in the amount of at least $300 million.
The Directive provides for the use of national currencies in mutual trade, the Chinese yuan in diversifying the structure of gold and foreign exchange reserves, and the placement of corporate securities.
In 2022-2023, it is planned to attract Chinese companies and financial institutions to the China-Belarus Investment Fund as co-founders to ensure its operation. End