22.08.2007

The meeting of NBT management with China EXIM Bank took place at the National Bank of Tajikistan.

On the 21th of August the meeting of the Chairman of NBT M.Alimardon with Chairman and President of China EXIM Bank Mr. Li Ruogu, visiting our country, took place at the National Bank of Tajikistan (NBT). The Chairman of the National Bank of Tajikistan has acquainted the visitor with banking system of the republic, has told about priority directions of its development and investment climate of Tajikistan.

Mr. Li Ruogu in his turn has noted that China EXIM Bank has been founded in 1994 and it is in the ownership of the government and subordinated to the State Council of China. Now the bank has 10 branches and 5 representative offices in the country and 3 offices abroad. The China EXIM Bank of China is the leading bank serving credits of foreign governments and the only bank issuing preferential credits abroad.

During the meeting the management members of NBT and China EXIM Bank have highly assessed the Memorandum of Understanding signed in March, 2006 in Beijing, where it was stated the terms of preferential credits issuance for promotion of economic and social development of SCO member-countries for the amount of USD 900 million.

The following financing projects have been identified in this Memorandum: implementation of 1st stage of Road Project “Kulma-Dushanbe-Chanak” (approximate contract value-USD 269 million); the Project of Construction of Power line of 550 KV “South-North” with length of 350 km (value-USD 164 million) and high-voltage power line of 220 KV “Lolazor-Khatlon” with length of about 90 km (contract value –USD 60 million).

Mr.M.Alimardon and Mr. Li Ruogu also have discussed other directions of mutual beneficial cooperation. The meeting was held in the manner of mutual understanding.