EDB to grant 100M USD loan to Belarusian potash giant

0 Comment(s)Print E-mail Xinhua, May 16, 2019
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The Eurasian Development Bank (EDB) will grant a loan of 100 million U.S. dollars to the Belarusian potash producer Belaruskali.

EDB and Belaruskali signed the loan agreement to finance floating capital and investment program of the Belarusian potash giant, the press service of the Belarusian government said on Wednesday.

Andrei Belyaninov, EDB's chairman of the board, said the agreement with Belaruskali had been signed in record time for the bank. He expressed the confidence that this was only the beginning of a long way of cooperation with the Belarusian company.

Belaruskali is one of the largest suppliers of potash fertilizers to the world market.

EDB is an international financial institution established in 2006. It has six member states, including Russia, Kazakhstan, Armenia, Belarus, Kyrgyzstan and Tajikistan. 

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