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CDB provides $500 million loan to Development Bank of Kazakhstan JSC for industrial development purposes

$500K USD

Funder	China Development Bank (CDB)
Recipient Organization	Development Bank of Kazakhstan JSC (Baiterek or DBK)
Country	Kazakhstan
Start Date	May 19, 2014
End Date	Oct 01, 2033
Duration	7,075 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`39555`

Grant Description

CDB provides $500 million loan to Development Bank of Kazakhstan JSC for industrial development purposes On May 19, 2014, China Development Bank (CDB) signed a $500 million general facility agreement with the Development Bank of Kazakhstan JSC (DBK).

The proceeds from the facility were to be used by the borrower to finance joint projects in non-resource sectors of the Kazakh economy. The loan came during the visit of then-recently retired Khazakhstani President Nursultan Nazarbayev to China.

📚 Sources & References

中国国家开发银行拟为哈国家开发银行提供5亿美元贷款
Kazakhstan takes loans from Chinese banks
两家中国银行向哈萨克斯坦开发银行提供15亿美元贷款
中国国家开发银行拟为哈国家开发银行提供5亿美元贷款
Export-Import Bank of China and the China Development Bank will allocate $ 1 billion and $ 500 million to the Development Bank of Kazakhstan © JSC 'Development Bank of Kazakhstan', 2013
Shanghai Summit Marks Deepening China-Kazakhstan Economic Ties
DBK Annual Report 2014 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

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Development Bank of Kazakhstan JSC (Baiterek or DBK)

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CDB provides $500 million loan to Development Bank of Kazakhstan JSC for industrial development purposes

Grant Description

📚 Sources & References

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