# EDB, Alfa Bank to lend $120 million to Belaruskali to replenish floating assets

> The Eurasian Development Bank and Alfa Bank will lend $120 million to Belaruskali, a major potash fertilizer producer, to replenish its working capital. The parties also discussed cooperation on commissioning new mines and modernizing existing assets.

- Date: 2019-02-07 · published 2019-02-07T12:00:00.000Z
- Category: macro · region Belarus · magnitude low
- Page: https://feedsoft.ai/events/60922-edb-alfa-bank-to-lend-120-million-to-belaruskali-to-replenish-floating-assets
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The financing supports Belaruskali's operations and could help sustain potash output over time. The effect on feed-related prices is minimal.

## Read by commodity

- POTASH: neutral

## Sources

- belarus24.by: https://belarus24.by/en/news/economics/edb-alfa-bank-to-lend-120-million-to-belaruskali-to-replenish-floating-assets/

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