Overview

China Eximbank provides RMB 1.5 billion loan to Eurasian Development Bank for on-lending purposes

Commitments (Constant USD, 2023)$224,289,961

Commitment Year•2020Country of Activity•Multi-RegionDirect Recipient Country of Incorporation•Multi-RegionSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 16, 2020

Last repayment (originally scheduled): Nov 15, 2025

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

Export-Import Bank of China (China Eximbank)

Receiving agencies

Intergovernmental Organizations

Eurasian Development Bank (EDB)

Implementing agencies

Intergovernmental Organizations

Eurasian Development Bank (EDB)

Loan description

China Eximbank provides RMB 1.5 billion loan to Eurasian Development Bank for on-lending purposes

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On November 16, 2020, China Eximbank and the Eurasian Development Bank signed an RMB 1.5 billion ($230 million) loan agreement for on-lending purposes and to support transboundary transactions between China and the 6 member countries of the Eurasian Development Bank (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan). The loan carried a 5-year maturity and an unknown interest rate.

Staff comments

1. Some EDB members are ODA-eligible in 2020, while others - such as Russia - are not. The location of on-lending recipients is unknown for the time being. Given that the majority of the EDB's capital is, as of January 2023 held by countries that were ODA-eligible in 2020, the recipient has been coded as ODA-eligible for the time being.