DUSHANBE, February 28, 2012, Asia-Plus — The process of implementation projects supported by loans provided by the Export-Import Bank of China (China Exim Bank) was a major topic of a meeting of Minister of Finance Safarali Najmiddinov with China Exim Bank Vice President Zhu Hongjie that took place in Dushanbe on February 27, the Secretariat of the Ministry of Finance reports.
In the course of the talks, Tajik minister noted that a considerable progress had been made in implementation of a number of large energy and infrastructure development projects in Tajikistan under support of the China Exim Bank.
The two discussed issues related to implementation of joint projects promoting expansion of regional economic cooperation and direct China’s investments in promising sectors of Tajikistan’s economy, the source said.
The Export-Import Bank of China (China Exim Bank) is one of three institutional banks in China which chartered to implement the state policies in industry, foreign trade, diplomacy, economy and finance to provide policy financial support so as to promote the export of Chinese products and services. It was founded in 1994, and is subordinated to the State Council. China Eximbank does not publish figures for overseas loans. However, U.S. officials estimate that it finances more than the total export financing of the Group of Seven industrialized nations combined. The Financial Times estimates that in 2009 and 2010, China Eximbank and China Development Bank (CDB) together signed loans of at least $110 billion to other developing country governments and companies, more than the World Bank over a similar period.
