The Development Bank of the Republic of Belarus (DBRB) and BOAD sign a credit agreement.
Minsk, 2 April 2019. Mr. Christian Adovelande, President of the West African Development Bank (BOAD) and Mr. Andrei Zhishkevich, Chairman of the Board of Directors of the Development Bank of the Republic of Belarus (DBRB), signed the first loan agreement of €50 million, or XOF32.798 billion in favour of BOAD.
Earmarked for the refinancing of projects whose goods and services will be of Belarussian origin, this facility will help enhance trade flows between the WAEMU region and Belarus, and provide companies from the two regions, credit facilities for eligible projects. “This signing ceremony, which is the first of its kind between our two institutions, carries with it the hope of a fruitful and long-term cooperation,” said Mr. Christian Adovelande.
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