Lukashenka Allows Government to Issue State Bonds Worth Up to $2 Billion
Alyaksandr Lukashenka has, by his presidential edict, allowed the Council of Ministers to issue state bonds in the amount of up to $2 billion for sale abroad.
Under the edict, the bonds are to be issued in 2010 and 2011 and have a circulation period of no less than five years.
The edict has also raised the upper limit for Belarus’ foreign state debt at the end of the year by $1.5 billion to $11 billion.
The foreign state debt reportedly rose by 10.2 percent in March to 25,167.5 billion rubels (about $8.45 billion) as of April 1.
Under the edict, the bonds are to be issued in 2010 and 2011 and have a circulation period of no less than five years.
The edict has also raised the upper limit for Belarus’ foreign state debt at the end of the year by $1.5 billion to $11 billion.
The foreign state debt reportedly rose by 10.2 percent in March to 25,167.5 billion rubels (about $8.45 billion) as of April 1.