Active Development AidData Chinese Aid

China Development Bank provides RMB 33 million loan to the State Savings Bank of Tajikistan 'Amonatbonk' for on-lending purposes (Linked to Record ID#40481, #40482, #40479, #72802)

¥33M RMB

Funder	China Development Bank (CDB)
Recipient Organization	State Savings Bank of Tajikistan (Amonatbonk)
Country	Tajikistan
Start Date	May 20, 2013
End Date	Sep 25, 2031
Duration	6,702 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69997`

Grant Description

China Development Bank provides RMB 33 million loan to the State Savings Bank of Tajikistan 'Amonatbonk' for on-lending purposes On May 20, 2013, several loan agreements between the State Savings Bank of Tajikistan "Amonatbonk" and China Development Bank (CDB) were signed for on-lending activities.

The RMB portion of the agreements totaled to RMB 33 million; however, no breakdown of the individual agreements could be identified. The loan proceeds were to be used in part to support the Tajik agricultural sector.

📋 Staff Comments

1. The loans were part of a series of commitments made on May 20, 2013 during President of Tajikistan Emomalii Rahmon's visit to China. These other commitment were: a collection of loans totaling $20 million to Amonatbonk (captured via Project ID#72802), an RMB 200 million RMB grant (captured via Project ID#40481), an agreement for the reconstruction of Regar Substation (captured via Project ID#40482), a loan to Zijin Mining for investment into the Zeravshan Gold Mine (captured via Project ID#40479), a technical cooperation agreement, a fruit inspection protocol, and a sports cooperation agreement.

📚 Sources & References

Investments
China allocates $140 million for Tajik gold mining company, Пресс-релизы : Официальные переговоры на высшем уровне между Республикой Таджикистан и Китайской Народной Республикой, Созишномаи қарзӣ миёни БДА ҶТ «Амонатбонк» ва Бонки давлатии рушди Хитой
Meetings with president of Eximbank of China and governor of Henan province
China as Tajikistan’s ‘Lender of Last Resort’
China reportedly expected to allot 200 million yuan in no-strings to Tajikistan
President Rahmon meets with top managers of two China’s leading banks in Beijing 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.