Kyrgyzstan and Belarus signed an agreement on export credits. This was reported by the press service of the Belarusian Development Bank.
According to published information, the signing of the document took place during the meeting of the Belarusian-Kyrgyz intergovernmental commission on trade and economic cooperation held in Bishkek.
The agreement is basic and regulates the general conditions for the granting of export credits. It aims to help Belarusian exporters promote their interests in the Kyrgyz market.
“The document provides for the creation of a universal financial infrastructure to support national exports, within which funds borrowed for the consumer will be cheaper than other loans for these purposes,” — About this said the first vice-president of the board of directors of the Development Bank of Belarus roman brodov.
The mechanism of the agreement consists of the Belarusian bank providing financing to the State Development Bank of the Kyrgyz Republic, which “within the framework of the legislation of its country, using its own client network, will be able to issue these preferential resources to interested companies. in the purchase of Belarusian goods and services.”
“To do this, once the contract is signed, the buyer must contact a financial institution in Kyrgyzstan to receive the necessary loan amount from the Development Bank.” – reported the press service.
