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

BEIJING - 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 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 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 by the end of last year.