Overview

CDB provides RMB 500 million loan to supply technology equipment, raw materials, and services from China and support large investment and infrastructure projects

Commitments (Constant USD, 2023)$70,202,016

Commitment Year•2022Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 25, 2022

Geospatial footprint

Map overview

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This project was a loan agreement signed with the National Bank of Uzbekistan. The Uzbek National Bank is located at Abdulla Kadiry Street 1, 100019, Tashkent, Uzbekistan. More detailed locational information can be found at: https://www.openstreetmap.org/way/32722944

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

National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Loan description

CDB provides RMB 500 million loan to supply technology equipment, raw materials, and services from China and support large investment and infrastructure projects

Interest type•Unknown

Narrative

Full Description

Project narrative

On August 25, 2022, China Development Bank and the National Bank for Foreign Economic Activity of the Republic of Uzbekistan signed an RMB 500 million loan agreement. The borrowing terms of the loan are unknown. However, it is known that the borrower is expected to use the loan proceeds to supply technology equipment, raw materials, and services from China, and to support large investment and infrastructure projects in Uzbekistan. It is also known that the loan disbursed in full between August 25, 2022 and June 30, 2023.