Overview

CDB provides $200 million loan to finance projects with the participation of the Chinese suppliers

Commitments (Constant USD, 2023)$184,428,327

Commitment Year•2021Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 1, 2021

First repayment (originally scheduled): Nov 30, 2024

Last repayment (originally scheduled): Nov 29, 2031

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 $200 million loan to finance projects with the participation of the Chinese suppliers

Grace period•3 yearsInterest type•UnknownMaturity•10 years

Narrative

Full Description

Project narrative

In December 2021, China Development Bank and the National Bank for Foreign Economic Activity of the Republic of Uzbekistan signed a $200 million loan agreement to finance projects with the participation of the Chinese suppliers. The loan carries a 10-year maturity, a 3-year grace period, and an unspecified interest rate. A $2,507,500 drawdown (disbursement) took place in 2022.