China Eximbank provides loan to Turkmenistan for unspecified purposes

On August 16, 2001, the Government of Turkmenistan and China Eximbank signed a loan agreement for unspecified purposes. The face value of this loan is unknown. This loan matures on March 21, 2030 and the interest rate is 2.5%. Disbursements were made through this loan according to the following schedule: 554,854 in 2010 TMT, 862,389 TMT in 2011, 943,210 TMT in 2012, 912,483 TMT in 2013, 849,387 TMT in 2014, 961,718 TMT in 2015, and 845,805 TMT in 2016.

Additional details

1. AidData estimates the face value of the loan (5,929,846 TMT) based on the six loan disbursements that were made between 2010 and 2016. 2. One official source indicates that the China Eximbank loan was issued on December 17, 2001, which suggests that the August 16, 2001 loan agreement may have been revised. Some official sources also suggest that the loan's maturity date was March 21, 2032, which again suggests a revision to the August 16, 2001 loan agreement. 3. AidData has set the umbrella field to False since no specific subsidiary projects were identified but six specific loan disbursements were identified. 4. According to the World Bank's Debtor Reporting System (DRS), the Government of Turkmenistan borrowed $19,469,740.10 in 2001 from official sector lenders in China. The weighted average borrowing terms recorded in the DRS include a 3.379% interest rate, a 4.5141 year grace period, and a 12.8757 year maturity. This suggests that more than one official sector Chinese loan was provided to the Government of Turkmenistan in 2001. However, at present, AidData only captures a single loan (Project ID#40165). This issue warrants further investigation. See https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0 and https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 and https://www.dropbox.com/s/2sw4f7gluxa52fk/DRS%20Official%20Commitments%20from%20China%20Through%202021.xlsx?dl=0

Number of official sources

5

Number of total sources

5