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Promoting Sustainable Development in Central Asia: Key Highlights from the Eurasian Development Bank’s Roundtable

According to a press release issued by the Eurasian Development Bank (EDB), on November 16th, 2023, Almaty, Kazakhstan, served as the venue for a critical roundtable hosted by the EDB, titled "Promoting Sustainable Development in Central Asia". This gathering saw the participation of representatives from a wide range of international organizations and multilateral development banks. Attendees included the likes of the World Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, the Islamic Development Bank, FAO, UNIDO, UNEP, ESCAP, UNDP, the World Health Organisation, the International Fund for Saving the Aral Sea, and CICA. The agenda was packed with discussions revolving around irrigation, water challenges, environmental and social standards of international financial institutions, and case studies that showcased collaborations in project implementation12. The EDB's latest report, "Efficient Irrigation and Water Conservation in Central Asia", was introduced during the roundtable's first session. Nikolai Podguzov, Chairman of the EDB Management Board, underscored the essential interrelationship between water, food, and energy in Central Asia. He declared the development of the region’s water and energy resources as a strategic priority for the EDB. He also expressed concerns over an impending water deficit in Central Asia within the next five years, urging for collective action supported by multilateral development banks3. Tatiana Proskuryakova, the Regional Director for Central Asia at the World Bank, also spoke at the event. She emphasized the importance of sustainable development in Central Asia to international organizations and multilateral financial institutions. She revealed that the World Bank has allocated approximately a quarter of its $12 billion investment portfolio in Central Asia to water, energy, and environmental sectors. This proportion is expected to rise to almost half in the near future4. Following this, Evgeny Vinokurov, EDB Chief Economist, presented the study "Efficient Irrigation and Water Conservation in Central Asia". He proposed a ten-step solution to address the prevalent issues. The steps include establishing an International Water and Energy Consortium; fostering collaboration among multilateral banks; creating a regional cluster to produce irrigation equipment; consolidating efforts to strengthen cooperation with Afghanistan; using PPP instruments; instituting proper water accounting; gradually integrating investment charges into the tariff structure; improving land conditions; implementing digital technology, and leveraging state-of-the-art irrigation technology and laser levelling.

Central Asia Kyrgyzstan Justice International Affairs Kyrgyzstan Kyrgyzstan International Affairs Kyrgyzstan Local Politics Kyrgyzstan Features

Armenian PM to Stay Away from CIS Summit in Bishkek

As reported by RFE/RL, Armenian Prime Minister Nikol Pashinyan has opted out of the upcoming summit of the Council of the Leaders of the Commonwealth of Independent States (CIS), slated to be held in Bishkek, the capital of Kyrgyzstan, on October 13. According to the Kyrgyz presidential office on October 10, Pashinyan conveyed to Kyrgyz President Sadyr Japarov his inability to attend the gathering during a phone conversation. This absence underscores a widening gap between Yerevan and Moscow, particularly as Russian President Vladimir Putin is set to participate in the summit. Earlier, Armenia had announced the non-participation of its troops in the ongoing military exercises led by the Russia-led Collective Security Treaty Organization (CSTO) in Kyrgyzstan.

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Swiss Accuse Gulnara Karimova of Running Criminal Organization

Switzerland's federal prosecutor has filed an indictment against the imprisoned daughter of Uzbekistan's former president, accusing her of taking bribes and running an elaborate criminal organization known as "The Office." Gulnara Karimova, the eldest daughter of Islam Karimov, who ruled Uzbekistan from 1991 until his death in 2016, is accused of leading the operation, which allegedly channeled hundreds of millions of dollars’ worth of bribes from telecoms companies. Switzerland’s Office of the Attorney General (OAG) said on September 28 that money was funneled through bank accounts in several countries before being transferred to banks in Switzerland. According to the statement, Karimova's network began its operations in Switzerland in 2005 “in order to conceal the capital originating from its criminal dealings in Swiss bank accounts and safes and by purchasing real estate.” "‘The Office conducted its criminal activities as a professional business, complying with mandatory regulations and observing a strict allocation of tasks, while also resorting to violence and intimidation," the prosecutors' statement said. In 2012, Switzerland said it froze around 800 million Swiss francs ($871.3 million) in connection with criminal proceedings against Karimova, a pop diva and businesswoman who had a public falling out with her late father and is currently in an Uzbek prison on embezzlement and criminal conspiracy charges. In December 2017, a Tashkent court sentenced Karimova to a 10-year prison term, but the sentence was later commuted to house arrest for five years. She was detained in March 2019 for allegedly violating the terms of her house arrest. In February 2020, Karimova sent a letter to Mirziyoyev offering to return $686 million to the country's treasury in exchange for the dismissal of the court case against her at home. But a month later, she received an additional 13-year sentence after being found guilty of extortion, money laundering, and other crimes. In August, Britain's Serious Fraud Office confiscated three luxury properties worth more than $25.5 million in the United Kingdom that belonged to Gulnara Karimova. The total amount of assets associated with Karimova in Switzerland, France, and the United States is estimated at almost $1.4 billion. Uzbekistan is trying to recover at least $1 billion of that. The 51-year-old Karimova, once seen as a possible successor to her father, has also been tied to money-laundering investigations in Sweden and Switzerland.