Project ID: 95739

China Development Bank provides USD $40 million loan to Uzbekistan Agrobank for enhancement of economic cooperation relations

Commitment amount

$ 44673480.09549596

Adjusted commitment amount

$ 44673480.1

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Uzbekistan

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2020-01-16

Description

On January 16, 2020, Uzbekistan Daily reported that China Development Bank signed a loan agreement with Uzbekistan Agrobank for USD $40 million. The purpose of this loan is to encourage long term loans and economic cooperation between Chinese manufacturers and entrepreneurs in Uzbekistan, as well as establishing a line of credit in order to finance projects involving Chinese contractors. A signing ceremony was held for this loan agreement. Feng Zhe, the Director of the Working Group of China Development Bank, Wang Shaonan, the Project Manager of China Development Bank, and Shukhrat Mirzavev, the Deputy Chairman of the Board of Agrobank, all attended the ceremony.

Additional details

Number of official sources

0

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Uzbekistan Agrobank [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan