CDB provides $150 million loan to NBU to finance import contracts
Commitment amount
$ 168341335.43684286
Adjusted commitment amount
$ 168341335.44
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Other commodity assistance (Code: 530)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On January 31, 2015, the National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) and China Development Bank signed a $150 million credit facility agreement. The purpose of the agreement was to facilitate financing of up to 85% of the cost of import contracts related to the supply of technological equipment and corresponding services (with no less than 50% of Chinese origin). The borrowing terms of the loan are unknown.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]
Implementing agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]