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Overview

CDB provides US$20 million syndicated loans to the State Savings Bank of Tajikistan 'Amonatbonk' (Linked to Record ID#69997, #40482, #40479, #40481)

Commitments (Constant USD, 2023)$20,679,426
Commitment Year•2013Country of Activity•TajikistanDirect Recipient Country of Incorporation•TajikistanSector•Banking And Financial ServicesFlow 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

CDB provides US$20 million syndicated loans to the State Savings Bank of Tajikistan 'Amonatbonk'

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. The USD portion of the 5 agreements totaled to USD 20 million, however no breakdown of the individual agreements was found. The loans were part of a series of investments made on May 20th during President of Tajikistan Emomalii Rahmon's visit to China. These other projects were: loans totalling 33 million RMB to Amonatbonk (captured in Record ID#69997), a 200 million RMB grant (captured in Record ID#40481), an agreement for the reconstruction of Regar Substation (captured in Record ID#40482), a loan to Zijin Mining for investment into the Zeravshan Gold Mine (captured in Record ID#40479), a technical cooperation agreement, a fruit inspection protocol, and a sports cooperation agreement.

Staff comments

A single listed source (https://amonatbonk.tj/tj/about/news/2757/) discusses an 8.5 million USD loan. It is possible that this may be a single loan among the many that were wrapped into this 20 million USD aggregate, but there is no confirmation for this.