BELARUS NEWS AND ANALYSIS

DATE:

07/03/2007

Belarus Wants To Borrow $2.7 Billion From China

The Belarusian Economy Ministry has prepared a draft presidential decree to draw loans from China, Belapan reported on March 6, quoting Economy Minister Mikalay Zaychanka. Zaychanka added that a total of 37 projects worth $2.7 billion are expected to be financed using Chinese credit lines from 2007 through 2010. Last month, the Belarusian government asked Moscow for a $1.5 billion stabilization loan to cushion the effects of the gas-and-oil price hikes earlier this year (see "RFE/RL Newsline," February 23, 2007). JM

Source:

http://www.rferl.org/newsline/2007/03/3-CEE/cee-070307.asp