DUSHANBE, May 18, 2015, Asia-Plus — Assistant Governor Zhao Xiaoyu of China Development Bank (CDB) is arriving in Dushanbe today on a two-day visit, a source in the Tajik government told Asia-Plus Monday afternoon.
While in Dushanbe, Zhao Xiaoyu is expected to hold talks with Tajik President Emomali Rahmon, the source said.
To-date, CDB has provided preferential loans, grants and technical assistance to Tajikistan to a total amount of about one billion U.S. dollars, the source added.
The China Development Bank (CDB) is a financial institution in the People”s Republic of China (PRC) led by a cabinet minister level Governor, under the direct jurisdiction of the State Council. As one of three policy banks of the PRC, it is primarily responsible for raising funding for large infrastructure projects, including most of the funding for the Three Gorges Dam and Shanghai Pudong International Airport.
Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government’s economic development policies.
Debts issued by CDB owned by local banks are treated as risk free assets under the proposed People”s Republic of China capital adequacy rules i.e. same treatment as PRC government bonds. The bank is the second-biggest bond issuer in China after the Ministry of Finance in 2009, accounting for about a quarter of the country’s yuan bonds, and the biggest foreign-currency lender.
CDB now has 35 branches and one representative office across the country. The bank provides financing for national projects such as infrastructure, basic industries, energy and transportation.
