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Chinese banks loan 1.5 billion USD to four Uzbek banks
| Funder | China (People's Republic of) |
|---|---|
| Recipient Organization | Uzbekistan |
| Country | Uzbekistan |
| Start Date | Oct 14, 2011 |
| End Date | Nov 15, 2033 |
| Duration | 8,068 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40125 |
Grant Description
Chinese banks loan 1.5 billion USD to four Uzbek banks On April 21, 2011, during a meeting between Minister of Commerce Chen Deming and Uzbek President Islam Karimov, leading Chinese banks agreed to loan 1.5 billion USD to Uzbekistan banks to finance joint investment projects, such as transportation and chemical production projects.
Some of the banks mentioned were China's Exim Bank, the State Bank of China, and the People's Bank of China. More than 25 investment agreements worth a total of 5 billion USD were signed at this meeting. 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.
All Grantees
Uzbekistan
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