Last week it was reported that the Belarus government had got ready the formal request to allow credit worth $1.3 billion. Alexander Lukashenko conceived a plan that China is supposed to appear as a lender this time. According to the schedule, the cash receipts will be carried out in several steps; first $500 million and 5 billion Yuan a bit later. The funds in the US dollars will be allocated for development of investment projects. Meanwhile, Belarus is going to discharge debts under old credits by means of the Yuan. Nadezhda Yermakova, the CEO of the National Bank told journalists about this project. Currently, articles of the credit agreement are being thrashed out by the agents of the parties; terms of drawing upon the allocated funds and repaying the credit are being under consideration. In addition, specialists from the National Bank are seeking alternative foreign sources that could be able to cope with the task to replenish the gold and currency reserves; this has been the most urgent issue recently. “It is considered as a top priority, but the project does not mean to distribute the overall funds to the gold and currency reserves; the money is expected to go to investment projects that will yield a gross capacity later on. However, that currency fund that was earmarked for investment projects will go to the gold and currency reserves in its turn,” Nadezhda Yermakova highlighted. She also mentioned that as of September 1, the gold and currency reserves estimated by the IMF approach totaled $7.7 billion; this corresponds to the safety value established in the country, the import volume for two months.