Active Development AidData Chinese Aid

CDB provides $250 million loan to National Bank for Foreign Economic Affairs of the Republic of Uzbekistan for investment projects

$250M USD

Funder	China Development Bank (CDB)
Recipient Organization	National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
Country	Uzbekistan
Start Date	Jun 05, 2018
End Date	Apr 26, 2031
Duration	4,708 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54148`

Grant Description

CDB provides $250 million loan to National Bank for Foreign Economic Affairs of the Republic of Uzbekistan for investment projects On June 5, 2018, China Development Bank (CDB) and the National Bank for Foreign Economic Affairs of the Republic of Uzbekistan (NBU) signed a $250 million loan agreement to support an unspecified set of investment projects.

This loan carried a maturity of 108 months (9-years).

📋 Loan / Grant Terms

💰 Loan Amountare unknown

However, it is known that the borrower was expected to use the proceeds of the loan to on-lend in order 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).

According to NBU’s 2021 audited financial statements (pg. 42), this loan had achieved a disbursement rate of at least 41.9% ($104,806,067 out of $250,000,000) by the end of calendar year 2021.

📋 Staff Comments

This CDB 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 $500 million loan agreement with China Eximbank (as captured via Project ID#54147).

📚 Sources & References

Uzbek National Bank
Chinese Eximbank sign loan agreement
China Development Bank provides $250 million loan to National Bank of Uzbekistan
国开行：累计向上合成员国发放贷款超过1000亿美元
O‘zmilliybank Xitoy taraqqiyot banki bilan $250 millionlik yangi krеdit bitimini imzoladi.
O‘zmilliybank Xitoy taraqqiyot banki bilan $250 millionlik yangi krеdit bitimini imzoladi
乌外经银行与中国两家银行签署7.5亿美元贷款协议
NBU and Chinese Development Bank sign $250 million worth loan agreement
NBU signs loan agreements with Chinese banks for US$750 million
National Bank for Foreign Economic Activity auditor's report 2021
JSC 'national bank for foreign economic activity of the republic 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.