CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Default / Miscellaneous

Belarus plans to raise $1.5bn via foreign loans in 2014

Published: 13 Nov 2013 - 09:01 am | Last Updated: 28 Jan 2022 - 07:00 pm

MINSK: Belarus plans to raise $1.5 billion through foreign loans next year, a top finance official said.

A deputy chief of the Finance Ministry's budget policy department Oleg Selivyorstov said that the former Soviet republic will also need some $2 billion from privatizations to balance its budget, according to the Russain (RIA Novosti) News Agency.

The country's debt servicing payment next year is expected to grow by $255 million to $783 million, the official said. (QNA)