Project ID: 95997

CDB provides $40 million loan to Agrobank for on-lending purposes

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

Unallocated/unspecified (Code: 998)

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

2020-01-01

Description

In 2020, China Development Bank (CDB) and Joint-Stock Commercial Bank Agrobank — a state-owned bank in Uzbekistan — signed a $40 million loan agreement. The borrowing terms of the loan are unknown. It is known that the borrower is expected to use the proceeds of the loan to promote the development of cooperation between Uzbek entrepreneurs and manufacturers of China through financing the purchase of high-tech equipment, goods and services from China.

Number of official sources

0

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Uzbekistan Agrobank [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan