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ADB and Kompanion Bank to Boost Financing of Women-Led and Small Businesses in Kyrgyzstan

As reported in a news release on its website, on December 28th the Asian Development Bank (ADB) and Kompanion Bank Closed Joint Stock Company on December 28th signed off a loan of up to $5 million in local currency financing to boost micro, small, and medium-sized enterprises (MSMEs) in Kyrgyzstan, especially those owned or led by women. Established in 2004, Kompanion Bank is one of the large commercial banks in the Kyrgyz Republic and dominates the MSME market through its wide network with 93 branches across the country. More than half of Kompanion’s portfolio is with micro and small enterprises. “Women account for about a third of entrepreneurs in the Kyrgyz Republic, but they nevertheless face significant challenges in accessing financial services and credit,” said ADB Director General for Private Sector Operations, Suzanne Gaboury. “This partnership with Kompanion Bank will help bridge the financing gap for women-led small businesses, as well as provide a strong case for the sustainability of local currency lending to these companies.” To strengthen development impact and address finance and bankability constraints, transactions incorporate a credit guarantee from the Asian Development Fund’s (ADF) Private Sector Window facility (PSW) of up to $2.3 million. ADB will also provide technical assistance to Kompanion Bank to enhance its digital capabilities and operational efficiency. “We are happy to be a partner with ADB in this initiative to support micro and small entrepreneurs in the Kyrgyz Republic. We believe that our experience in the MSME market will allow us to make a significant impact on the local economy, and we look forward to working closely with ADB for the benefit of our clients and the community,” said Kompanion Bank CEO, Margarita Cherikbaeva. ADB will also help Kompanion Bank to develop a gender action plan to promote gender equality and women’s empowerment in its business activities. Key activities will include increasing the number of women borrowers and delivering training on improved agricultural practices and digital and financial literacy for female clients.

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Investigation Launched into Mobile Operators

The Agency for the Protection and Development of Competition of the Republic of Kazakhstan has established that in 2023, a significant price increase from 7.7% to 57.3% was recorded according to the tariff plans of mobile operators, who increased the cost of services provided on more than 30 plans with a monthly subscription fee. “Taking into account paragraph 3 of Article 199 of the Entrepreneurial Code in connection with the repeated detection of signs of anti-competitive coordinated actions in the calendar year, the Agency has now launched investigations against mobile operators Kcell JSC, MT–S LLP (Tele2/Altel) and Kar-Tel LLP (Beeline) under Article 170 of the Entrepreneurial Code," the Agency for the Protection and Development of Competition of the Republic of Kazakhstan said in a statement. Earlier, the Agency had detected signs of anti-competitive coordinated actions by mobile operators in setting the cost of calls per minute and SMS services. In this regard, notifications were sent to mobile operators to reasonably reduce their pricing. The Agency stated that in case of non-compliance by the operators within an established time-frame, an investigation would be launched.

Tajikistan Life & Culture Life & Culture Tajikistan

Tajikistan in Penultimate Place in English Language Proficiency

According to Education First, Tajikistan ranked 112th among 113 countries ranked in English language proficiency ratings, followed solely by the Democratic Republic of the Congo, Radio Ozodi has reported. In 2020, Tajikistan ranked last. In the report, Russia ranks 41st, Kyrgyzstan - 90th, Uzbekistan – 93rd, and Kazakhstan - 104th. The Netherlands, Singapore and Austria top the list. The International Educational Center for English Language Education First was founded in 1965 in Sweden. EF is the largest private educational institution in the world, with 600 branches in more than a hundred countries. Contrary to the report, representatives of the Ministry of Education and Science of Tajikistan believe that in recent years the level of English language proficiency has improved in the country. The press secretary of the Ministry of Education and Science, Navruz Jumamurod, said that English language learning is well-established in the country and a vivid proof of this is the participation of almost 8,000 students from Tajikistan in international Olympiads. "This is also one of the indicators that participants from Tajikistan speak English well," he noted. Are the teaching methods outdated? In the capital's school No. 55, English is taught using the old method – reading and translating texts, as well as using the Q&A format. In this school, ten teachers teach 2,093 students, with English lessons taking place twice a week. Matluba Makhmadkulova, the deputy director of the school, said that in recent years the interest of schoolchildren in learning English has grown. "Students are divided into groups and study lessons in special classes," she added. In this school, as in many others in the country, the method of teaching English has not changed much since Soviet times and is often reduced to reading and translating texts. But many modern teachers consider such a technique to be ineffective. English teacher Bakhtiyor Davlatmuradov mainly teaches at private language centers. In his opinion, it is important to use new methods when teaching English. "The main problem is ignorance about some of the innovations of modern teaching. Another problem is the limited use of modern technology in the classroom. Yes, teachers are trying very hard, but now it's the 21st century we need to use technology. For example, you can show some videos, that is, make the lesson interactive," he explained. "A lot depends on the young people themselves" Mukhaye Nozimova, who taught English in Tajikistan for many years, is now studying modern ways of teaching the language in London. According to her, to improve the situation it is necessary to reform the country's education system, though on the other hand, she believes the level of English-language proficiency depends on the young people themselves. "Today, there are many online classes, and even free online courses on social networks which allow young people to learn English or any other language on their own," she said. Tajik youth prefer to study English in private educational centers, but throughout the country not everyone has the means to study at such institutions. According to...

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Quality of Communications Checked in Multiple Regions

The results of monitoring the quality of mobile communications in the cities and districts of Nurek, Dangara, Vose and Kulyab were presented to the Head of the Communications Service of Tajikistan, Bek Sabur, who arrived on a working visit to the Khatlon region. His visit is connected to the implementation of a decree from the President of Tajikistan "On measures to expand non-cash payments." According to various sources, the level and quality of communications do not meet the requirements. The press service of the Tajik Communications Service reported that Sabur, together with specialists, tested mobile communications in Nurek, Dangar, Vos and Kulyab. "The main purpose of the trip is to determine the accuracy of coverage of base stations in populated areas and identify problems," the press service stated. As a result of the technical inspection, it transpired that not all areas meet the quality requirements for communications. In addition, operator coverage was weak in some places. "The management of the Communications Service ordered providers to install additional stations at the same time as updating the existing ones," the department noted, adding that Sabur held a meeting with the residents of Khatlon to get their opinion on the level and quality of mobile communications. Sabur's visit followed reports received from all over Tajikistan about the low quality of mobile operator services. Tajiks often complain about slow Internet and poor communication. One of the main reasons for this is the lack of infrastructure development. It is also affected by poor energy supply and insufficient development of modern communication technologies in the country. As a result, a significant part of the population has difficulty accessing the Internet. Another problem is the lack of investment in the country's telecommunications industry, although this is slowly being corrected. For example, Tajikistan and China recently signed an agreement that provides for the supply of Chinese equipment to the Republic, which will help improve the quality of the Internet. Tajikistan has also agreed to cooperate with two Russian companies - PITER IX and Digit – in this area. Sabur instructed officials and mobile companies to urgently eliminate the identified shortcomings in order to provide all regions with stable communications and Internet following the Presidential decree.

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EDB Proposes Ten Steps to Preserve Irrigated Land Potential and Support Water Conservation in Central Asia

As outlined in a press release on the EDB website, in the summer of 2023, Central Asia was faced once again with water shortages, which have a significant impact on agriculture. The sector relies on irrigation, which consumes up to 80% of available water, and has a poor track record with regard to the efficient use of water resources. The irrigation infrastructure is over 50 years old. More than half of all irrigated land has become salinized, and 40% of water is lost through irrigation canals. A new Eurasian Development Bank (EDB) study entitled “Efficient Irrigation and Water Conservation in Central Asia” outlines ten practical steps for preserving irrigated land potential and promoting water conservation. The list includes four recommendations for adoption at a regional level and six at a national level. The measures are designed to save enough water each year to support sustainable development. Implementing the measures will require collaboration between governments, farmers and multilateral development institutions. The need for urgent action is intensified by the anticipated reduction in the flow of the Amu Darya River. Water deficit is a key structural constraint to socio-economic development in Central Asia. This region is among the most vulnerable to climate change, with temperatures rising at a faster rate than the global average. Periods of drought and low water are becoming more frequent, and the hydrological patterns of rivers and groundwater supplies are undergoing change. Glacier areas have been diminishing rapidly, with a 30% decrease over the last 50 years. Climate change is leading to reduced river flows at a time when the region’s demand for water is growing rapidly. The primary solution to the water deficit lies in improving irrigation practices. Agriculture in Central Asia is the largest consumer of water, with irrigation accounting for 100.4 km3 of the total 127.3 km3 (80%) of water used in the region in 2020. Historically, irrigation has played a vital role in developing agriculture and ensuring food security in the region. Central Asia boasts 10.1 million hectares of irrigated land, representing approximately 2.9% of the world’s total. This irrigated land generates nearly 66% of the region’s gross agricultural output in terms of value. However, Central Asia’s irrigation infrastructure is highly degraded and technically inadequate. It lacks the equipment needed for metering and distributing water for irrigation and controlling its use in the field. The average age of the irrigation infrastructure is over 50 years. Up to half of irrigated land is salinized. Water use in agriculture is inefficient, with 40% of water lost in the irrigation canal system. A commitment to conserving water appears to be the only solution to protecting the potential of irrigated land and food security in Central Asia. This shift in approach is imperative not only because of climate change and escalating water demand, but also to mitigate the anticipated decrease in the flow of the Amu Darya River from Afghanistan. By 2028, the combined effects of climate change, low-water periods and the commissioning of the Kosh-Tepa Canal in...

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Central Asia Particularly Vulnerable to Climate Risks, Primarily Due to Water Scarcity, Says EDB

By 2050, the available resources in the Syr Darya and Amu Darya basins – the region’s two largest sources of water - situated in southern Kazakhstan and along Uzbekistan’s southern border with Turkmenistan - could decrease by 10% to 15%. Water shortages inevitably impact the region’s agricultural sector, which relies on water as a critical factor in food production, the Eurasian Development Bank (EDB) has stated in a news release. The reduction in wheat yields in seven oblasts of Kazakhstan could result in direct economic losses exceeding U$1.2 billion by 2030. These concerns were highlighted by Conrad Albrecht, Managing Director and Head of the Directorate of Sustainability at the Eurasian Development Bank (EDB) during the recent Seventh North and Central Asia Multistakeholder Forum on the Implementation of the SDGs in Almaty. “Kazakhstan, being the only Eurasian nation to have implemented a carbon pricing system, faces the additional challenge of a potential carbon tax amounting to U$250 million. Most economies in the region rely heavily on carbon-intensive industries, necessitating a transition towards more sustainable production methods”, Albrecht said. He also pointed out that the region’s carbon dioxide (CO2) emissions significantly exceed its contribution to the global economy in terms of both GDP and population. However, countries such as Armenia, the Kyrgyz Republic, Tajikistan and Uzbekistan have a share of global CO2 emissions lower than their share of the world’s population, indicating that the region’s economies are critically carbon intensive. “All countries in the Eurasian region are taking climate change extremely seriously, acknowledge their direct contribution to the global agenda and are ready to make ambitious commitments to decarbonization”, Albrecht stressed. “Nevertheless, Central Asian countries still require substantial support from multilateral development banks, and while climate finance to the region is increasing, it remains significantly smaller compared to other low- and middle-income countries”.