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Overview

CDB provides $500 million loan to Development Bank of Kazakhstan JSC for industrial development purposes

Commitments (Constant USD, 2023)$512,776,590
Commitment Year•2014Country of Activity•KazakhstanDirect Recipient Country of Incorporation•KazakhstanSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 19, 2014

Geospatial footprint

Map overview

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The project was a $500 million general facility agreement with the Development Bank of Kazakhstan JSC (DBK) to finance joint projects in non-resource sectors of the Kazakh economy. More detailed locational information can be found at: https://www.openstreetmap.org/relation/3479876#map=10/51.0066/71.5617

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

  • Development Bank of Kazakhstan JSC (Baiterek or DBK)

Implementing agencies

State-owned Banks

  • Development Bank of Kazakhstan JSC (Baiterek or DBK)

Loan description

CDB provides $500 million loan to Development Bank of Kazakhstan JSC for industrial development purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 19, 2014, China Development Bank (CDB) signed a $500 million general facility agreement with the Development Bank of Kazakhstan JSC (DBK). The proceeds from the facility were to be used by the borrower to finance joint projects in non-resource sectors of the Kazakh economy. The loan came during the visit of then-recently retired Khazakhstani President Nursultan Nazarbayev to China.