CDB's loan balance to SCO countries approximates $50B

0 Comment(s)Print E-mail Xinhua, June 14, 2019
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A bank staff member counts 100-yuan banknotes at the Beijing Branch of the Bank of Communication in Beijing, capital of China. [Photo/Xinhua]

China Development Bank's (CDB) outstanding project loans to member states, observer states, and dialogue partners of the Shanghai Cooperation Organization (SCO) amounted to 49.6 billion U.S. dollars by the end of March 2019.

Kyrgyzstan and Tajikistan have carried out cooperation in multiple sectors with the CDB.

CDB's loans to Kyrgyzstan covered projects in the sectors of minerals, telecommunications, petrochemicals, agriculture and small and medium-sized enterprises (SMEs), with an outstanding balance of 350 million U.S. dollars by the end of 2018.

The CDB has issued loans to Tajikistan's projects in the sectors of telecommunications, cement, electricity, minerals, agriculture and SMEs, with an outstanding balance of 174 million dollars by the end of last year.

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