21 January 2018, Sunday, 11:28

Dictatorship's new loans


Belarus didn't give up the idea of placing the country's securities on the financial market of Singapore.

Alyaksandr Lukashenka says the question is being actively discussed, Interfax news agency reports.

“Your country is one of the biggest financial centres of Southeast Asia, the Asian-Pacific region and the entire world. We actively discussing the issue of placing Belarus's securities on the financial market of Singapore,” Lukashenka said Thursday in Singapore at a meeting with Singaporean PM Lee Hsien Loong during his official visit to the country.

Lukashenka stressed: “Belarus services and discharges its external loan obligations on time and in full.” Belarus views Singapore as “an ideal platform for promotion of Belarusian goods on the markets of the region”. Lukashenka reminded that Belarusian Potash Company has an office in Singapore and supplies potash fertilisers worth hundreds of millions of dollars to Southeast Asia. “We have similar prospects for supplies of high-tech mechanical engineering products,” Lukashenka thinks.

“The Belarusian-Chinese Industrial Park with unprecedented preferences for investors has been founded outside Minsk recently. The Chinese-Singaporean Suzhou Industrial Park was a model for our ambitious project,” Lukashenka said.

“I set a task to study and attract the best experience and state-of-the-art technologies to Belarus,” Lukashenka said. “We are interested in Singapore's experience in the e-government project that raises efficiency of public administration.”

Belarus was earlier reported to be looking for opportunities to place its Eurobonds worth 500-600 million dollars on the markers of Southeast Asia (Singapore Hong Kong). For this purpose, representatives of the Belarusian Ministry of Economy, the Ministry of Finance and the National Bank held a non-deal road show on November 27-30, 2012. The presentation was organised by Russian state-owned VTB Bank and Sberbank.