China grants $1bn untied loan to Belarus

21 December 2012

MINSK (BelTA) – China has granted a $1 billion untied loan to Belarus. The information was released by President of Belarus Alexander Lukashenko as he visited the Belarusian State University of Informatics and Radioelectronics and talked to students on 21 December, BelTA has learned.

“I was informed yesterday that once again the Chinese have lent us over $1 billion as an untied loan for projects inside the country. The loan is affordable,” said the head of state. In his words, at present Belarus has many projects like that.

Alexander Lukashenko underlined that the loans allocated to Belarus is nothing in comparison with how much money the country invests in the domestic economy. “Money from the state budget, from private and state-run enterprises is way bigger than what we get from loans. Don’t think we live at the expense of loans only,” added the President.

The head of state remarked that borrowing is a normal practice.

Ministry of Foreign Affairs of the Republic of Belarus