China Eximbank provides loan to Turkmenistan for unspecified purposes

📋 Staff Comments

1. AidData estimates the face value of the loan (5,929,846,000 TMT) based on the six loan disbursements that were made between 2010 and 2016.
2. One official source indicates that the China Eximbank loan was issued on December 17, 2001, which suggests that the August 16, 2001 loan agreement may have been revised. Some official sources also suggest that the loan's maturity date was March 21, 2032, which again suggests a revision to the August 16, 2001 loan agreement.
3. AidData has set the umbrella field to False since no specific subsidiary projects were identified but six specific loan disbursements were identified.
4. According to the World Bank's Debtor Reporting System (DRS), the Government of Turkmenistan borrowed $19,469,740.10 in 2001 from official sector lenders in China. The weighted average borrowing terms recorded in the DRS include a 3.379% interest rate, a 4.5141-year grace period, and a 12.8757-year maturity. This suggests that more than one official sector Chinese loan was provided to the Government of Turkmenistan in 2001. However, at present, AidData only captures a single loan (Project ID#40165). This issue warrants further investigation. See https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0 and https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 and https://www.dropbox.com/s/2sw4f7gluxa52fk/DRS%20Official%20Commitments%20from%20China%20Through%202021.xlsx?dl=0

📚 Sources & References

• Financial Statements 2013
• Financial Statements 2016
• Financial Statements 2012
• Financial Statements 2014
• Financial Statements 2015 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.