The foreign exchange reserves of Belarus rose by $616mn, or 9% month-on-month to $7,093bn in February on the back of successful Eurobond placement, following a 11.5% m/m decline in January, the National Bank of Belarus (NBB) said in a statement
Loans taken out under One Belt One Road initiative will force up debt levels in vulnerable countries, says Center for Global Development.
Belarus tapped the international debt market on February 21 for the first time this year with a new $600mn Eurobond
There were $5.8bn of issues in the bond markets of Central and Eastern Europe in January, well ahead of the $390mn of issues a year ago.
Inflation in Belarus stood at 0.8% month-on-month in January (4.5% year-on-year) and the central bank will cut interest rates again in February to 10.5%