China Eximbank provides RMB 100 million loan for acquisition of 2500 tractors

Funder	China (People's Republic of)
Recipient Organization	Azerbaijan
Country	Uzbekistan
Start Date	Sep 10, 2001
End Date	May 21, 2032
Duration	11,211 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`39923`

Grant Description

China Eximbank provides RMB 100 million loan for acquisition of 2500 tractors On November 3, 2001, China Eximbank and Pakhtabank OJSC signed a an RMB 100 million loan agreement for the purchase of 2,500 Chinese-made tractors.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 10 year maturity

📅 Maturity10 years

⏳ Grace Period3 years

💹 Interest Rate4%

Pakhtabank OJSC is a commercial agricultural bank that primarily lends to farmers. The Government of Uzbekistan provided a sovereign guarantee for this loan. 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.