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Development Bank to grant export loan for the supply of Belarusian agricultural machinery to Mongolia

14.06.2021

In June 2021, the Development Bank will finance the export supply of tractors Belarus and agricultural equipment produced by OJSC “MTZ” with a total value of 4.5 million euros to the Ministry of Food, Agriculture and Light Industry of Mongolia.

This is the third individual credit facility within the framework of the General Agreement concluded in April 2019 between the Government of the Republic of Belarus and the Government of Mongolia on providing of export loan. This agreement is aimed at expanding the geography of supplies of Belarusian exporters, contributes to strengthening foreign economic and trade ties between Belarusian enterprises and enterprises of Mongolia.

Within the framework of the mentioned General Agreement for 2019-2020, the Development Bank financed the supply of firefighting equipment manufactured by LLC “POZHSNAB” to the National Emergency Management Agency of Mongolia, as well as the equipment sold by OJSC “MAZ” - the managing company of the holding “BELAVTOMAZ”, to the Center for Road Transport Development under the Ministry of Road and Transport of Mongolia.