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As reported by Asia-Plus, the Ministry of Transport of Tajikistan and the Korea International Cooperation Agency (KOICA) have signed a memorandum of negotiations on the $4 million economical and technical development of the Jaloliddin Balkhi–Nizhniy Pyanj railway project. “The main goal of this project is to enter the market of South Asian countries—Afghanistan, Pakistan, India,” stated Azim Ibrahim, Minister of Transport of Tajikistan after explaining and that the railway will ensure the development of regional trade, help maintain the condition of roads, and reduce the burden and intensity of traffic on the streets. “If the project is successfully implemented, Tajikistan will become an attractive railway transit country," he continued. "And the increase in the volume of cargo and product transportation with neighbouring countries will prove very beneficial for Tajikistan and other countries in the region." Acting Ambassador of South Korea to the Republic of Tajikistan, Kim Jeon Sik, hailed the project as another step towards the country's progressive future and said that with direct access to the sea, Tajikistan had the potential to become the main link in international cargo transportation. He closed by expressing his hope that South Korea’s first railway construction project in Central Asia would be completed within three years.
The head of Tajikistan’s committee for emergency situations and civil defense, Rustam Nazarzada, has said at a press conference that the economic damage caused by natural disasters in the country this year has amounted to over $12 million. Floods, landslides, heavy rains, avalanches, rockfalls, and earthquakes, which have claimed over 100 lives this year, have also caused considerable damage to Tajikistan’s economy and private sector. Nazarzoda said that 532 emergency cases were registered during this period, 57 more than last year.
The Asian Development Bank has published its latest report, “Asian Development Outlook (ADO) July 2024: Steady Growth, Slowing Inflation,” in which it has increased its forecast for economic growth in Central Asia from 4.3% to 4.5% in 2024. In the first quarter (Q1) of 2024, the Kyrgyz Republic is expected to have grown at a rate of 8.8% thanks to robust service and construction industry output supported by both foreign and domestic investment. Other regional economies have also experienced solid economic activity. As a result of a notable increase in exports, which included gold sales, Tajikistan maintained its robust economic trajectory in Q1 2024, with an 8.2% growth rate. Net gas exports and government investment, meanwhile, are Turkmenistan’s primary sources of growth. The first quarter of 2024 also saw 6.2% growth in Uzbekistan, due to a spike in fixed capital investment. The growth prospects of Kazakhstan, however, the largest economy in the region, remain unchanged. With the main growth drivers being construction, manufacturing, and services, GDP expanded by 3.7% in Q1 2024. This year, manufacturing and construction will continue to be the primary forces behind economic expansion. Strong building growth will be supported by government assistance to victims and restoration of damaged infrastructure following the worst floods in thirty years. Mining is also anticipated to contribute significantly to Kazakhstan’s medium-term growth following the Tengiz oil field expansion project's completion in Q2 2025. The ADB has also lowered inflation forecasts for 2024 and 2025. In May 2024, the Kyrgyz Republic experienced a decrease in inflation from 11.3% to 4.6%, primarily due to fluctuations in the prices of essential commodities. Other regional economies are also experiencing a reduction in inflationary pressures. A steady exchange rate and relatively restrictive monetary policy decreased Kazakhstan's inflation rate to 9.0% from 18.5% from 2023 to January–May 2024. Inflation in Tajikistan for the first four months of 2024 was 3.8%. Inflation in Uzbekistan has also dropped from 11.4% in the previous year to 9.2% in the first five months of 2024.
The Global Center on AI Governance has published a report titled “Results of the Global Index on Responsible AI in Eastern Europe and Central Asia.” Among Central Asian countries, Uzbekistan has been judged to use artificial intelligence in the most responsible way. Recent AI initiatives in Uzbekistan cover fields including cultural and linguistic diversity, international cooperation, public sector skills development, and transparency. Kazakhstan ranks second in the region. Among Central Asian countries, Kazakhstan ranks first for the number of government initiatives related to responsible AI. Kyrgyzstan ranks third in the region, demonstrating significant non-governmental sector participation in responsible AI. However, the need for a comprehensive government system affects its overall outcome. The report states that the country has received a high rating for responsible AI governance, second only to Uzbekistan in the region. However, due to the scarcity of government frameworks, which, along with government initiatives, had the most weight in the index score, Kyrgyzstan scored lower in the Responsible AI Index. Tajikistan is the only Central Asian country with an AI national strategy aimed at development until 2040. It ranks fourth in the region. However, this strategy covers only 5 out of 19 thematic directions. Tajikistan's scores are relatively high regarding responsible AI governance; however, the country has the most passive non-state sector among the pillars assessed. Turkmenistan has the lowest indicator in the region. Government structures related to the responsible use of artificial intelligence have not been identified in the country.
During a press conference, director of the Civil Aviation Agency, Habibullo Nazarzoda, announced that over the past six months, Russia expelled or deported some 3,400 Tajikistan citizens. Nazarzoda emphasized that the action was spurred by errors in the Tajik citizens' documents as opposed to being politically motivated and stated, “The reason for denied entry into Russian territory was sometimes a lack of necessary documents. 95% of people who travel to the country know where they are going and why they are going, but cannot answer questions when asked. Many become confused. That’s why it’s not political.” Conditions for migrants heading for Russia and for those already in the country, have become stricter following the recent terrorist attack at Moscow's Crocus City Hall and the suspected involvement of Tajik citizens. Complaints about difficulties in entering the country are increasing and dozens of migrants report being detained at Russian airports and land border crossings under various pretexts. Since neither the Tajik nor Russian sides have commented on the situation, the official reasons for the above remain unclear.
The Asian Development Bank (ADB) says it has approved a $50 million policy-based grant for a program that will help the government of Tajikistan foster a climate-responsive business environment and support small and medium-sized enterprises (SMEs) in the country. The program aims to transform Tajikistan's business environment through digitization, reforms to increase exports, improvement of infrastructure governance, fiscal transparency, and support for climate-friendly SMEs. Underscoring ADB's commitment to supporting Tajikistan in its transition to a green economy, ADB Director General for Central and West Asia Yevgeniy Zhukov commented, “By promoting climate-responsive investments and improving the overall business environment, we aim to stimulate economic growth, create green jobs, and enhance the country's resilience to climate change." The program will support reforms subsidizing climate-friendly SMEs, and prioritizing funding for female entrepreneurs. It advances digitization and e-commerce through the Agency for Innovation and Digitization and the approval of the E-Commerce program. The program will also support enhanced public investment management through assessments to recommend improvements and prioritize climate-focused projects. Fiscal transparency will improve the Ministry of Finance’s capacity to publish government finance statistics. The program will also promote international trade and investment by streamlining trade documentation processes and updating regulatory frameworks for issuing local and green bonds.
