Overview

CDB provides $50 million loan to Development Bank of Kazakhstan for unspecified purposes

Commitments (Constant USD, 2023)$47,245,957

Commitment Year•2022Country of Activity•KazakhstanDirect Recipient Country of Incorporation•KazakhstanSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2022

Last repayment (originally scheduled): Jun 30, 2030

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

Development Bank of Kazakhstan JSC (Baiterek or DBK)

Implementing agencies

State-owned Banks

Development Bank of Kazakhstan JSC (Baiterek or DBK)

Loan description

CDB provides $50 million loan to Development Bank of Kazakhstan for unspecified purposes

Interest type•UnknownMaturity•8.5 years

Narrative

Full Description

Project narrative

In 2022, China Development Bank (CDB) issued a $50 million loan to Development Bank of Kazakhstan JSC for unspecified purposes. The loan’s final maturity date is June 2030. Other details of the loan are unknown.