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China Eximbank offers $197 million USD in export credits to Uzbekistan (Linked to Record ID#39956)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Ipoteka Bank|Joint-Stock Commercial Bank 'Uzbek Industrial and Construction Bank' (JSCB Uzpromstroybank) (UzPSB)|National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) |
| Country | Uzbekistan |
| Start Date | Jun 08, 2006 |
| End Date | Dec 08, 2027 |
| Duration | 7,853 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 43203 |
Grant Description
China Eximbank offers $197 million USD in export credits to Uzbekistan On June 8th, 2006, the Export-Import Bank of China agreed to offer $197 million USD export credits in Uzbekistan to three Uzbek banks for 5 projects.
The China Eximbank reports the three banks as the National Bank for Foreign Economic Activity of the Republic of Uzbekistan, Uzpromstroybank, and the Bank of IPOTAKA. It is unclear whether official agreements were signed.
From 2005-2006, China Eximbank signed agreements for 10 projects with three Uzbekistan banks totaling $397 million USD dollars worth of preferential export buyer's credit.
Among the 10 agreements, 5 agreements, worth $202.23 million USD, were under the frame work of $300 million USD preferential export buyer's credit framework established in 2004 (#39956).
The other 5 projects, worth $197 million USD, were under the framework of a $900 million USD credit line promised to SCO members by China. The export credits were intended to support oil and gas, irrigation, energy and other industries in the Uzbek economy. The specific sub-projects are unclear.
Sources & References
- 中国进出口银行与乌兹别克斯坦银行签署信贷协议
- Country's financial leader: 15 years of perfection and progress
- China to offer Uzbekistan 397 million USD in export buyer`s credit
- China to credit Uzbekistan US$397m
- Signing of Financing Agreement between The Bank and The Republic of Uzbekistan 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
Ipoteka Bank|Joint-Stock Commercial Bank 'Uzbek Industrial and Construction Bank' (JSCB Uzpromstroybank) (UzPSB)|National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
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