Belarus' government approves draft agreement on IBRD loan to upgrade higher education
The Council of Ministers of Belarus has approved a draft agreement with the International Bank for Reconstruction and Development (IBRD) on a loan to finance the investment project to upgrade higher education in Belarus. Appropriate Resolution No.135 of 9 March 2020 was officially posted on the National Legal Internet Portal on 11 March, BelTA has learned.
Plans are in place to raise the IBRD loan of €100 million for 14.5 years in 2020-2025. The Belarusian Education Ministry shall be responsible for negotiating the draft agreement, making the necessary, but not major amendments to it, and signing the document once the parties reach an agreement within the scope of the approved draft.
The resolution came into force on the day of its adoption.