# The EDB to extend US $400 million to Belaruskali to finance its working capital and investment programme – Eurasian Development Bank

> The Eurasian Development Bank signed two loan agreements totaling $400 million with Belaruskali to fund working capital and a potash expansion. The funds will support construction of a 1.5 million tonne per year plant at the Petrikov deposit, due in 2021.

- Date: 2020-01-15 · published 2020-01-15T12:00:00.000Z
- Category: macro · region Belarus · magnitude low
- Page: https://feedsoft.ai/events/55402-the-edb-to-extend-us-400-million-to-belaruskali-to-finance-its-working-capital
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Financing for new Belarusian potash capacity points to higher future supply, which is mildly bearish for potash prices in the medium term but has no immediate market effect.

## Read by commodity

- POTASH: bearish ▼

## Sources

- eabr.org: https://eabr.org/en/press/news/the-edb-to-extend-us-400-million-to-belaruskali-to-finance-its-working-capital-and-investment-progra/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.