Belarusian, Kyrgyz Banks Sign Agreement On Export Credit Terms
Date
11/29/2024 5:11:20 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, November 29. The
Development bank of Belarus and the State Development Bank of
Kyrgyzstan have signed a framework agreement outlining the general
conditions for providing export credits, Trend
reports via the Belarusian bank.
The document was signed during the meetings of the
Belarus-Kyrgyz Intergovernmental Commission on Trade and Economic
Cooperation in Bishkek, chaired by Belarusian Deputy Prime Minister
Anatoly Sivak and Kyrgyz Deputy Chairman of the Cabinet of
Ministers Bakyt Torobayev.
The agreement aims to support Belarusian exporters in promoting
their interests in the Kyrgyz market.
"The document provides for the creation of a universal financial
infrastructure to support domestic exports, under which loan terms
for consumers will be more favorable than other credit options for
similar purposes," said Roman Brodov, First Deputy Chairman of the
Board of the Belarusian Development Bank.
The agreement will establish a mechanism whereby the Development
Bank of Belarus will provide financing to the State Development
Bank of Kyrgyzstan.
In turn, the Kyrgyz bank, in accordance with local legislation
and utilizing its own client network, will offer these preferential
resources to businesses interested in purchasing Belarusian goods
and services.
After signing a contract, buyers will be able to approach a
Kyrgyz financial institution to receive the necessary loan amount
from the Belarusian Development Bank.
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