CDB provides $650 million USD credit line to the Development Bank of Kazakhstan in 2015 (Linked to Record ID#59136, #53572, #53573, and #53574)

Funder	China (People's Republic of)
Recipient Organization	Kazakhstan
Country	Kazakhstan
Start Date	Feb 21, 2015
End Date	Feb 10, 2033
Duration	6,564 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`53574`

Grant Description

CDB provides $650 million USD credit line to the Development Bank of Kazakhstan in 2015 On March 17, 2015, China Development Bank (CDB) signed a $650 million USD credit line agreement with the Development Bank of Kazakhstan JSC (DBK).

The credit line was intended to finance projects in the sectors of energy, transport, infrastructure, manufacturing, information technologies, agriculture, and other sectors. The credit line aimed to finance joint Kazakh-Chinese and other projects. The maturity date of each loan made under this loan agreement was June 15, 2025.

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.