Belarus to attract concessional loan from China for Great Stone industrial park

In line with the Council of Ministers’ Resolution No. 381 of 14 July Belarus will attract a Chinese government concessional loan of 221 million Chinese yuan from the Export-Import Bank of China in 2025-2028. The resolution was published on the National Legal Internet Portal, BelTA has learned.

As follows from the document, the government concessional loan will be attracted for 15 years for the investment project “Development of the first stage of the central part of the Great Stone industrial park”.

The resolution approved the draft loan agreement between the Government of Belarus represented by the Finance Ministry  and the Export-Import Bank of China as a basis for negotiations.

The Council of Ministers authorized the Finance Ministry to conduct negotiations on the draft loan agreement, allowing, if necessary, to make minor changes to it and to sign the document upon reaching an agreement within the approved draft.

The resolution comes into force on the day of its adoption.