15-08-2012 09:55 Belarus
CDB ready to finance Belarusian-Chinese Industrial Park
The China Development Bank (CDB) is ready to finance the construction of the Belarusian-Chinese Industrial Park. The issue was on the agenda of a meeting between Deputy Prime Minister of Belarus Anatoly Tozik and CDB Vice-President Li Jiping, BelTA learnt from the press service of the Belarusian government.
The parties discussed the CDB participation in major investment projects in Belarus, including the Belarusian-Chinese Industrial Park project. Considering the CDB experience in the development of industrial parks in China, the Bank has expressed interest to provide financial and advisory assistance to Belarus with this project.
Another issue raised at the meeting was cooperation between the CDB and the Development Bank of the Republic of Belarus. The meeting participants outlined the prospects and areas of further cooperation.
Belarus has been cooperating with the CDB since 2008. The CDB opened a credit line worth $8.3 billion to finance investment projects in Belarus. Since 2008 the CDB has issued about $1 billion worth of loans to carry out various projects in Belarus.
The CDB is one of the biggest banks of China. The Bank’s assets are estimated at $1.1 trillion. In 2011 the Bank provided $887 billion worth of loans and reported the net income of $7.2 billion. The Bank’s mission is to support the major branches of the Chinese economy, assist in the development of some Chinese territories and create the necessary infrastructure.