Overview

China Development Bank provides RMB 33 million loan to the State Savings Bank of Tajikistan 'Amonatbonk' for on-lending purposes (Linked to Record ID#40481, #40482, #40479, #72802)

Commitments (Constant USD, 2023)$5,549,324

Commitment Year•2013Country of Activity•TajikistanDirect Recipient Country of Incorporation•TajikistanSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 20, 2013

Start (actual): May 20, 2013

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)

Implementing agencies

State-owned Banks

State Savings Bank of Tajikistan (Amonatbonk)

Loan description

China Development Bank provides RMB 33 million loan to the State Savings Bank of Tajikistan 'Amonatbonk' for on-lending purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 20, 2013, several loan agreements between the State Savings Bank of Tajikistan "Amonatbonk" and China Development Bank (CDB) were signed for on-lending activities. The RMB portion of the agreements totaled to RMB 33 million; however, no breakdown of the individual agreements could be identified. The loan proceeds were to be used in part to support the Tajik agricultural sector.

Staff comments

1. The loans were part of a series of commitments made on May 20, 2013 during President of Tajikistan Emomalii Rahmon's visit to China. These other commitment were: a collection of loans totaling $20 million to Amonatbonk (captured via Record ID#72802), an RMB 200 million RMB grant (captured via Record ID#40481), an agreement for the reconstruction of Regar Substation (captured via Record ID#40482), a loan to Zijin Mining for investment into the Zeravshan Gold Mine (captured via Record ID#40479), a technical cooperation agreement, a fruit inspection protocol, and a sports cooperation agreement.