The Risks of China’s Loans to Uzbekistan

Quick Summary:

The China Development Bank alone has loaned $2.2 billion to Uzbekistan, but there is virtually no publicly available information on the lending terms.

Additionally, in the Government of the Republic of Tajikistan decree from May 30, 2012, No.252, paragraph 6.5 stated that Chinese contractors working on the territory of Tajikistan under the project for the rehabilitation of the Dushanbe-Kulma road are exempt from paying taxes, including customs duties, VAT, excise, profit tax, and income tax on wages paid in foreign currency.

AidData records Chinese financial commitments totaling over $1.3 trillion since 2000, making China the largest source of development financing in the world.

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Article Details

Author / Journalist: Anastasia Galimova, Yura Park, Ch.Sabyrbek, and Navruz Karimov

Category: Economy

Markets: United StatesAfghanistanBangladeshBhutanChinaHong KongIndiaKazakhstanSouth KoreaKyrgyzstanPakistanTajikistanTurkmenistanUzbekistan

Topics: Uzbekistan Economic Asia Project Development Chinese China Tajikistan Conditions Central Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 05:18:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3547 words

Reading Time: 20 minutes read

Sentences: 167 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21754593

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