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Overview

CDB provides RMB 100 million loan to State Savings Bank of Tajikistan (Amonatbonk) for on-lending purposes in November 2023

Commitments (Constant USD, 2023)$14,123,408
Commitment Year•2023Country of Activity•TajikistanDirect Recipient Country of Incorporation•TajikistanSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 20, 2023

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Receiving agencies

State-owned Banks

  • State Savings Bank of Tajikistan (Amonatbonk)

Loan description

CDB provides RMB 100 million loan to State Savings Bank of Tajikistan (Amonatbonk) for on-lending purposes in November 2023

Interest type•Unknown

Narrative

Full Description

Project narrative

On November 20, 2023, China Development Bank (CDB) signed an RMB 100 loan agreement with State Savings Bank of Tajikistan (Amonatbonk). The borrowing terms of the loans are unknown. However, it is known that the borrower was expected to use the loan proceeds to on-lend in support of the development of small and mid-sized enterprises and agricultural projects in Tajikistan. The agreement was signed by Amonatbonk Chairman Ikromi Sirojiddin and CDB Chairman Tan Jiong.

Staff comments

1. The 2023 loan builds upon CDB and Amonatbonk’s financial cooperation dating back to 2008, but appears to be a distinct commitment from the 2014 master facility (captured via Record ID#72544). It is not described as a tranche of (or disbursement under) a prior loan agreement with CDB.