MINSK, 23 December (BelTA) – The Development Bank of the Republic of Belarus (DBRB) will grant Mongolia an export loan to purchase Belarusian fire-fighting equipment and vehicles. The relevant export loan agreement between the DBRB and the Ministry of Finance of Mongolia was signed in Ulaanbaatar, BelTA learned from the DBRB. Under the agreement, the DBRB will give an export loan to supply fire equipment and vehicles made by Belarus' Pozhsnab company to the National Emergency Management Agency of Mongolia. “This is the first individual loan agreement as part of the general export loan agreement signed by the governments of Belarus and Mongolia in April 2019. It is designed to enhance trade relations between Belarusian and Mongolian enterprises,” the DBRB noted. The DBRB is implementing an export promotion program and aims to help Belarusian exporters get access to new markets and make export loans affordable for private business, DBRB Deputy Chairman of the Board Ivan Varenitsa noted. “This loan agreement is the result of effective interaction between the two countries and we hope to maintain fruitful cooperation in the future,” Ivan Varenitsa stressed.

Published Date:2019-12-24