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Lukashenko approves amendment to loan agreements with IBRD

MINSK (BelTA) – Belarusian President Aleksandr Lukashenko has signed Decree No. 324 “On approval of an international agreement”, BelTA learned from the press service of the Belarusian leader.

This document approved an amendment to the loan agreements and general terms applicable to the loans signed between the Republic of Belarus and the International Bank for Reconstruction and Development (IBRD) in June 2021.

In line with the amendment, the IBRD shall be able to apply a different reference rate instead of the interest rate benchmarks LIBOR and EURIBOR. In this case the IBRD shall immediately notify the Republic of Belarus about it.