Lukashenko approves 2-billion-dollar Belarusian Eurobond

Belarusian President Alexander Lukashenko on Saturday approved the issue of Eurobonds worth two billion U.S. dollars.

The decree, posted on the national legal Internet portal, said the council of ministers had been authorized to implement in the years 2010 to 2011 bond issues amounting to 2 billion dollars, with a maturity of at least five years.

Russia last month issued Eurobonds worth 5.5 billion dollars as it returned to the international capital markets for the first time since the 1998 financial crisis, the RIA Novosti news agency reported.

Belarus received billions of dollars from the International Monetary Fund (IMF), World Bank and Russia over the past year as it struggled to deal with the aftermath of the global financial crisis.

The World Bank and the IMF said Belarus had exited the recession, predicting its economy would grow by 11 percent this year.


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