Overview

CDB provides $150 million loan to NBU to finance import contracts

Commitments (Constant USD, 2023)$156,929,757

Commitment Year•2015Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Other Commodity AssistanceFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 31, 2015

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

National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Implementing agencies

State-owned Banks

National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Loan desecription

CDB provides $150 million loan to NBU to finance import contracts

Interest type•Unknown

Narrative

Full Description

Project narrative

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.