China Development Bank will accommodate Development Bank of Kazakhstan with loan worth US$ 100 million.
The agreement has been signed in Beijing the the Chairman of the Development Bank and Vice-President of China Development Bank.
China Development Bank will grant credit for the development of infrastructure, energy and metal projects.
The banks are members of SCO Interbank Association. Besides crediting, China Development Bank will co-sponsor construcion of Moinak hydro power plant in Almaty region, Kazakhstan.
Development Bank of Kazakhstan received US$ 200 million in trenches.
Development Bank of Kazakhstan was established in 2001, China Development Bank – 1994.
