CDB provides $75 million loan to National Bank for Foreign Economic Activity of Uzbekistan for on-lending to small businesses

CDB provides $75 million loan to National Bank for Foreign Economic Activity of Uzbekistan for on-lending to small businesses On June 11, 2010, National Bank for Foreign Economic Activity of Uzbekistan and China Development Bank (CDB) signed a $75 million line of credit agreement.

The proceeds from the credit agreement will be used by the National Bank for Foreign Economic Activity of Uzbekistan for on-lending to small businesses and to investment projects.

The minimum value of subsidiary loans approved through this line of credit set at $100,000, and the share of supply of Chinese goods was not to be less than 50%.

The credit line was opened without state guarantees and without insurance on the part of the export-import agencies. 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.