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CDB provides $150 million loan to NBU to finance import contracts
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) |
| Country | Uzbekistan |
| Start Date | Jan 31, 2015 |
| End Date | Oct 22, 2026 |
| Duration | 4,282 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 72498 |
Grant Description
CDB provides $150 million loan to NBU to finance import contracts On January 31, 2015, the National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) and China Development Bank signed a $150 million credit facility agreement.
The purpose of the agreement was to facilitate financing of up to 85% of the cost of import contracts related to the supply of technological equipment and corresponding services (with no less than 50% of Chinese origin).
Sources & References
China plans to finance agricultural projects in Uzbekistan, Ўзбекистон Республикаси Ташқи иқтисодий фаолият миллий банкининг 2015 йилдаги фаолияти тўғрисида ҲИСОБОТИ 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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