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CDB provides RMB 500 million loan to supply technology equipment, raw materials, and services from China and support large investment and infrastructure projects
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) |
| Country | Uzbekistan |
| Start Date | Aug 25, 2022 |
| End Date | May 30, 2029 |
| Duration | 2,470 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 96214 |
Grant Description
CDB provides RMB 500 million loan to supply technology equipment, raw materials, and services from China and support large investment and infrastructure projects On August 25, 2022, China Development Bank and the National Bank for Foreign Economic Activity of the Republic of Uzbekistan signed an RMB 500 million loan agreement.
However, it is known that the borrower is expected to use the loan proceeds to supply technology equipment, raw materials, and services from China, and to support large investment and infrastructure projects in Uzbekistan. It is also known that the loan disbursed in full between August 25, 2022 and June 30, 2023.
Sources & References
- National Bank signed a loan agreement with the State Development Bank of China
- JSC 'National Bank for Foreign Economic Activity of the Republic of Uzbekistan'
- An agreement signed with CDB
- Uzbekistan and China eye to further develop trade and economic relations 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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