China Eximbank provides $18 million loan to Asaka Bank for on-lending purposes
Commitment amount
$ 20742086.82637753
Adjusted commitment amount
$ 20742086.83
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On November 30, 2017, China Eximbank and Asaka Bank — a majority state-owned commercial bank in Uzbekistan — signed an $18 million loan agreement. A sovereign guarantee was not issued in support of the loan. The borrowing terms of the loan are unknown. However, it is known that the borrower was expected to use the proceeds of the loan to engage in on-lending activities and support the investment projects of small businesses and private entrepreneurs as well as the purchase of goods and services from China.
Number of official sources
3
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Asaka Bank [State-owned Bank]
Implementing agencies [Type]
Asaka Bank [State-owned Bank]