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China Eximbank provides $500 million loan to National Bank for Foreign Economic Affairs of the Republic of Uzbekistan for investment projects
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) |
| Country | Uzbekistan |
| Start Date | Jun 05, 2018 |
| End Date | Jan 08, 2032 |
| Duration | 4,965 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 54147 |
Grant Description
China Eximbank provides $500 million loan to National Bank for Foreign Economic Affairs of the Republic of Uzbekistan for investment projects On June 5, 2018, China Eximbank and the National Bank for Foreign Economic Affairs of the Republic of Uzbekistan (NBU) signed a $500 million loan agreement to support an unspecified set of investment projects.
However, it is known that the borrower was to use the proceeds of the loan to support large investment projects (with an emphasis on the supply of high-tech equipment and the creation of import-substituting and export-oriented industries) as well as the projects of small- and medium-sized enterprises (SMEs).
This loan was reportedly the first that China Eximbank ever issued to NBU without a sovereign guarantee.
Staff Comments
- This China Eximbank loan is not included in China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in December 2020.
- On June 5, 2018, NBU also signed a $250 million loan agreement with China Development Bank (as captured via Project ID#54148).
Sources & References
- Uzbek National Bank
- Chinese Eximbank sign loan agreement
- Export-Import Bank of China provides $500 million loan to National Bank of Uzbekistan
- 乌外经银行与中国两家银行签署7.5亿美元贷款协议
- NBU inks $500mn worth loan agreement with China Exim Bank, Узнацбанк подписал с китайским Эксимбанком заемное соглашение на $500 млн., Нацбанк подписал заемное соглашение с китайским Эксимбанком на 500 миллионов долларов
- National Bank signed a loan agreement with Chinese Eximbank for $ 500 million., УЗНАЦБАНК ПОДПИСАЛ С КИТАЙСКИМ ЭКСИМБАНКОМ ЗАЕМНОЕ СОГЛАШЕНИЕ НА $500 МЛН. 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
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
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