From Stratfor.com: Belarus will borrow $2.2 billion from foreign lenders in 2011, DPA reported Sept. 7, citing Interfax. Minsk hopes to borrow $1 billion from China’s national bank; $119 million from the International Monetary Fund; and $1 billion from private investors through a bond offering, according to Belarusian Economics Minister Andrei Kharkovets. The money would go toward industrial infrastructure, the nation’s gold and foreign currency reserves, and better government cash flow, Kharkovets said.
Thursday, September 9, 2010
Central Banks start to borrow to buy Gold
From Stratfor.com: Belarus will borrow $2.2 billion from foreign lenders in 2011, DPA reported Sept. 7, citing Interfax. Minsk hopes to borrow $1 billion from China’s national bank; $119 million from the International Monetary Fund; and $1 billion from private investors through a bond offering, according to Belarusian Economics Minister Andrei Kharkovets. The money would go toward industrial infrastructure, the nation’s gold and foreign currency reserves, and better government cash flow, Kharkovets said.
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