Active Mixed AidData Chinese Aid

China Development Bank provides RMB 60 million export credit to State Savings Bank of Tajikistan (Amonatbonk) for on-lending to Tajik entrepreneurs

¥60M RMB

Funder	China Development Bank (CDB)
Recipient Organization	State Savings Bank of Tajikistan (Amonatbonk)
Country	Tajikistan
Start Date	Jan 01, 2019
End Date	Sep 21, 2031
Duration	4,646 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69908`

Grant Description

China Development Bank provides RMB 60 million export credit to State Savings Bank of Tajikistan (Amonatbonk) for on-lending to Tajik entrepreneurs In 2017, China Development Bank (CDB) visited State Savings Bank of Tajikistan (Amonatbonk) to discuss a possible RMB 60 million long-term loan agreement.

CDB and Amonatbonk concluded a preliminary agreement at the beginning of 2018. The final agreement was still waiting to be signed as of August 2018. Then, in 2019, China Development Bank and Amonatbonk signed an RMB 60 million preferential export credit agreement.

The proceeds of the CDB loan were to be used by Amonatbonk for on-lending to Tajik entrepreneurs at an annual interest rate of 12% with 3-5-year maturities.

Some sources also indicate that the CDB loan proceeds were to be used for import substitution and to facilitate the acquisition of Chinese production and technological equipment.

📋 Staff Comments

1. Some sources indicate that Amonatbank sought another $10 million CDB loan in 2019. This issue warrants further investigation.

📚 Sources & References

对接发展战略携手推动繁荣——中塔“一带一路”合作结出累累硕果
Bilateral meeting between the Head Staff of Amonatbank and Working Group of China Development Bank, Вохӯрии дуҷонибаи роҳбарияти БДА XТ «Амонатбонк» бо гӯруҳи кории БДРХ
Uzbekistan allocate $100M for entrepreneurship development in Tajiistan
China to provide preferential loans to Tajik importers of its goods, Сотрудничество между Китаем и Таджикистаном в рамках инициативы «Один пояс и один путь» развивается по восходящей линии
驻塔吉克斯坦大使刘彬在塔《商业与政治》报发表署名文章
驻塔吉克斯坦大使刘彬在塔《商业与政治》报发表署名文章, Вохӯрии дуҷонибаи роҳбарияти БДА XТ «Амонатбонк» бо гӯруҳи кории БДРХ, 2017 Annual Report, “Амонатбонк” боз аз Бонки давлатии рушди Чин 60 миллион юани чинӣ қарз мегирад
June/September 2018, 'Амонатбонк' ба додани қарзҳо бо пули миллии Чин оғоз кард, Сироҷиддин Икромӣ: «Амонатбонк» ҳамкориро бо бонкҳои Ӯзбекистон ва Чин тақвият мебахшад
国开行：累计向上合成员国发放贷款超过1000亿美元, “Амонатбонк” аз Бонки давлатии рушди Чин 8,5 млн доллар қарз гирифт Боз мехоҳад 10 млн доллари дига, «АМОНАТБОНК»-РУШДИ БОСУБОТИ СОҲА 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.