11 March 2020

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

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.