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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of October 1, 2019 No. 674

About provision of a guarantee for the Government of the Republic of Belarus to Development bank of China

According to the Presidential decree of the Republic of Belarus of April 18, 2006 "About approval of the Regulations on the external state loans and external loans attracted under guarantees of the Government of the Republic of Belarus" and the order of the President of the Republic of Belarus of September 12, 2019 No. 168rp "About attraction of the external loan" the Council of Ministers of the Republic of Belarus DECIDES: No. 252

1. Provide to Development bank of China guarantee of the Government of the Republic of Belarus in repayment of the external loan issued to open joint stock company "Belarusbank savings bank (further - JSC ASB Belarusbank) in the amount of 100 million euros for covering of total requirement of JSC ASB Belarusbank in current assets (further - guaranteed loan), and also interest payment and other payments for use of guaranteed loan.

2. Determine that:

2.1. the guarantee of the Government of the Republic of Belarus according to Item 1 of this resolution is provided after:

the conclusions of the agreement on procedure for use and repayment of guaranteed loan between the Ministry of Finance and JSC ASB Belarusbank;

entering of JSC ASB Belarusbank into the republican budget of payment for provision of a guarantee for the Government of the Republic of Belarus in the amount of, specified in subitem 2.2 of this Item;

2.2. the payment for provision of a guarantee for the Government of the Republic of Belarus according to Item 1 of this resolution is made one-timely in euro in the amount of 1 percent from the amount of guaranteed loan.

3. Provide with JSC ASB Belarusbank target use of means of guaranteed loan, its timely repayment, interest payment and other payments for use to them.

4. This resolution becomes effective from the date of its acceptance.

Prime Minister of the Republic of Belarus

S. Rumas

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