CDB provides $20 million loan to Georgia's JSC Partnership Fund

📚 Sources & References

• p. 113 in "PUBLIC–PRIVATE PARTNERSHIP MONITOR SECOND EDITION"). Prior to the loan agreement, on the 21st and 22nd of December 2015, a Georgian delegation led by David Saganelidze, head of the state-owned shareholding company the Partnership Fund, met officials from Chinese financial institutions to discuss the prospects for future cooperation. The general director of the China Development Bank also promised to financially support Chinese companies that invested in Georgia’s infrastructural or energy projects. On January 25, 2017
• Saganelidze noted at his meeting with businessmen at the Employers Association that the Partnership Fund of Georgia planned to sign an agreement with China Development Bank to authorize the latter to enter all projects of the Partnership Fund. Despite the agreement envisioning an increase in the loan to 50 million by 2020, there is no proof of this development. Sources: David Saganelidze: China Development Bank to Enter All Projects of Partnership Fund
• Ambassador Ji Yanchi Meets with President of the China Development Bank Zheng Zhijie (驻格鲁吉亚大使季雁池会见国家开发银行行长郑之杰一行)
• PUBLIC–PRIVATE PARTNERSHIP MONITOR SECOND EDITION
• Georgia’s Partnership Fund collaborates with Chinese financial institutions
• Georgian State Fund to Receive Multimillion Credit from China Development Bank
• An agreement has been signed between the Partnership Fund and the Development Bank of China („საპარტნიორო ფონდსა“ და ჩინეთის განვითარების ბანკს შორის ხელშეკრულება გაფორმდა), $20 მილიონის სესხის პირობებზე „საპარტნიორო ფონდმა“ „ჩინეთის განვითარების ბანკთან“ ხელშეკრულება გააფორმა 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.