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China Development Bank provides $200 million loan to Industrial Development Bank of Turkey (TSKB) for manufacturing industry, SME, energy, infrastructure, health and education projects
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Türkiye Sinai Kalkinma Bankasi [Industrial Development Bank of Turkey] (TSKB) |
| Country | Turkey |
| Start Date | Sep 11, 2019 |
| End Date | Aug 14, 2031 |
| Duration | 4,355 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 67306 |
Grant Description
China Development Bank provides $200 million loan to Industrial Development Bank of Turkey (TSKB) for manufacturing industry, SME, energy, infrastructure, health and education projects On September 11, 2019, the Inner Mongolia Branch of China Development Bank signed a $200 million loan agreement with the Industrial Development Bank of Turkey (TSKB).
Its interest rate is unknown. The Government of Turkey issued a sovereign guarantee in support of the loan.
The borrower was to use to the proceeds of the loan to on-lend in support of projects in the projects in the manufacturing/industry, SME, energy, infrastructure, health and education sectors in Turkey.
Sources & References
- Public Debt 2019
- China Development Bank extends USD 200 million loan to TSKB
- World Bank Group – Turkey Partnership: Country Program Snapshot
- TSKB’s support to Turkish economy reached TL 36 Billion as of the end of 2019
- BRIEF- Turkiye Sinai Kalkinma Bankasi Signs Loan Agreement Worth $ 200.0 Mln With China Development Bank
- TSKB Sustainable Finance Framework
- TSKB 2019 Integrated Annual Report
- USD 200 Million Loan from China Development Bank to TSKB-turkish, 200 million dollars loan from China Development Bank to TSKB
- Public Debt Management Report December 2019 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
Türkiye Sinai Kalkinma Bankasi [Industrial Development Bank of Turkey] (TSKB)
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