Business as usual
Business and Economics, UzbekistanNo Comment
Germany and Uzbekistan have signed bilateral assistance agreements worth 19 million euros, reports Interfax (via TMC). The loans are being issued by the German government-owned Kreditanstalt für Wiederaufbau (KfW), under very favourable terms (i.e. 0.75% p.a.).
While it is not new that Germany is one of Tashkent’s most reliable sources of aid, the timing of the deal is somewhat dubious. According to the German Embassy in Tashkent, the agreement was already signed on the 21 December 2005, only days after Mr Pflüger, a CDU-parliamentarian in the defense committee, said that there was no deal behind the curtains over Tashkent’s renewal of the Termez airbase lease.
Timing is, apparently, not one of Germany’s foreign policy expertises.
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