• KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 61

ADB to Support Climate-Friendly Business Environment in Tajikistan

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.

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A Eurasian Perspective on the Historic Conviction of U.S. Senator Bob Menendez

On July 16, a federal court in New York found United States Senator Robert "Bob" Menendez (D) guilty on 16 counts in a corruption trial, including charges of accepting bribes to benefit the governments of Egypt and Qatar, obstruction of justice and extortion. He is the first U.S. senator to be convicted as a foreign agent and the charges collectively carry a potential sentence of 222 years in prison. Bribery charges involved receiving gold bars worth over $100,000 and more than $480,000 in cash as well as a Mercedes-Benz for his wife. “This wasn't politics as usual. This was politics for profit,” summarized Damian Williams, an attorney for the Southern District of New York. According to federal prosecutors, among other things, Menendez helped secure millions of dollars of U.S. aid for Egypt and used his office to assist a multi-million-dollar deal with a Qatari fund. Egypt’s intelligence and military officials are said to have bribed him and his wife at a time when U.S. military aid to the country would have paused due to human rights concerns. Menendez also used his official position “to protect and enrich” individuals in exchange for payments, including helping a New Jersey businessman secure a halal certification monopoly with regards to U.S. meat exports to Egypt. Striking similarities to another recent “influence-for-sale” scandal For many Europeans, this U.S. case resembles the European Union’s own Qatargate scandal, which broke out in 2022 and unveiled how foreign governments (Qatar, Morocco and Mauritania) have been channeling hundreds of thousands of euros to a ring of elected European Parliament officials who, in turn, were leveraging their authority to benefit these clients. The services included “attempts to manipulate the Parliament” and “scheming to kill off six parliamentary resolutions condemning Qatar’s human rights record” as Politico reports. In his plea deal, Antonio Panzeri, the chief of the European Parliament's Subcommittee on Human Rights (DROI), admitted to receiving bribes as well as to leading and participating in a criminal organization. This criminal organization reportedly doled out bribes to EU officials through two NGOs named Fight Impunity and No Peace Without Justice, which were allegedly set up to launder money and help fund the scheme. In Menendez’s case, the money ran through his wife’s consultancy. Qatargate allegations extended beyond the Middle East and North Africa. For instance, Atlantico.fr reported that Panzeri and his associates may have been corrupted by at least two Kazakh criminal figures. Europeans appeared lenient on corruption as Panzeri only received a five-year prison sentence, of which four would be suspended and the one year he’d serve would be under house arrest with an electronic bracelet. Momentum behind investigations of key suspects has since waned, leading the EU Observer to call Qatargate “a missed opportunity to bring Europe to justice”. Foreign policy priorities pushed by Senator Menendez need to be re-examined When public officials are found to have used their office to promote external interests, their past policy activities should be closely examined. Bob Menendez has been a member of...

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SCO Summit: Eurasian Alliance Signs Security Agreements; Welcomes Belarus

By Jonathan Campion, reporting from the SCO Summit in Astana   At the Shanghai Cooperation Organization (SCO) Summit in Astana this morning, leaders from the bloc’s member states signed a host of agreements intended to promote cohesion in the Eurasia region. The first session, which was held behind closed doors, had begun with the signing of the document that accepted Belarus as the SCO’s 10th full member. The SCO is a political, security and economic alliance, of which Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan are founding members. The group also includes China, Russia, Iran, India, Pakistan, and now Belarus. The organization has four observer states and 14 dialogue partners, covering half of the world’s population, and almost a third of global GDP.  The first agreement signed was a document outlining the Shanghai Cooperation Organization’s development strategy for the next 12 months. In 2025 Kazakhstan will pass chairmanship of the alliance to China, and there is speculation that the SCO may grow further next year, to include at least one new member. With security a growing concern for members, particularly in light of the March terrorist attack outside Moscow, for which the terror group Islamic State Khorasan Province (ISIS-K) have claimed responsibility, leaders approved the SCO’s latest three-year Cooperation Program to counter terrorism, separatism and extremism. The parties also signed an agreement on the organization’s regional anti-drug strategy. Another high-profile document is the SCO’s development strategy for cooperation in the energy sphere. Kazakhstan is at the forefront of the region’s transition to green energy, with Chinese leader Xi Jinping mentioning the country’s new Zhanatas wind farm and the Turgusun hydropower station as key joint projects with China in an article published in the Kazakh press this week. The heads of state were welcomed to the Summit by Kazakh President Kassym-Jomart Tokayev, with his Russian counterpart Vladimir Putin, Aleksandr Lukashenko of Belarus and Chinese leader Xi Jinping the last to arrive, ten minutes after the other dignitaries. Some leaders did not arrive at all: India’s Narendra Modi is not attending this year’s SCO Summit, and has sent the country’s external affairs minister Subrahmanyam Jaishankar in his place.  The Summit's afternoon session is styled as "SCO Plus". In attendance are the heads of state of the alliance's dialogue partners, including the presidents of Turkey and Azerbaijan, Recep Tayyip Erdogan and Ilham Aliyev. Turkmenistan – which is not affiliated to the SCO but which is invited as a guest – is led not by its President Serdar Berdimuhamedov, but by his father Gurbanguly Berdimuhamedov, the former leader who is now the chairman of the country’s People’s Council.  

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Astana Hosts SCO Summit: A New Platform for Kazakh Diplomacy

With the first events of the Shanghai Cooperation Organization (SCO) Summit taking place this morning in Kazakhstan’s capital, Astana, conversations are beginning about what the host country will be discussing – and with whom. The SCO is a political, security and economic alliance in the wider Eurasia region, aimed at promoting trade and investments between member states, as well as global security. Its nine full members are Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, China, Russia, Iran, India and Pakistan. The Organization – which includes four observer states and 14 dialogue partners – covers half of the world’s population, and almost a third of global GDP. Kazakhstan’s multi-vector approach to its foreign policy has seen the country combining its role within the SCO with cooperation with Western governments, through dialogue with the European Union and the United States’ C5+1 platform. President Tokayev recently commented that: “Kazakhstan is committed to multilateral cooperation. In our foreign policy we proceed from the national interests, and are in favor of solving all disputable issues on the basis of rational compromise. In addition to the SCO, this year our country is chairing five other international organizations. This is an unprecedented case, one could say an achievement in the history of Kazakh diplomacy.” This multi-vector approach is key to Kazakhstan’s international diplomacy. Indeed, ‘mutually beneficial cooperation’ and ‘mutually beneficial strategic partnership’ have become the watchwords of Tokayev’s presidency. Over the past decade, Kazakhstan has become an increasingly important land-bridge between East and West, both in terms of trade and diplomacy. Due to projects such as the Belt and Road Initiative and the Middle Corridor, Kazakhstan’s location has made it an indispensable ally to China, whilst playing a pivotal role in the expansion of transcontinental trade has led to Central Asia, in the words of Tokayev, “become a global stakeholder.” In the opinion of experts, more of the same can be expected at this week’s SCO Summit. In an interview conducted by the Kazinform news agency, local political analyst Valery Volodin stressed that: “It goes without saying that each government will be defending its own interests [at the Summit]. But Kazakhstan will be placing an emphasis on regional stability, which will allow countries to implement a host of joint projects with China and Russia. Besides this, Kassym-Jomart Tokayev’s gift for diplomacy will push the SCO to become not just a discussion club, but a real mechanism to solve problems in Eurasia using dialogue between governments.” In an article in The Geopolitics, Michael Rossi, a professor of political science at Long Island University, posited that Kazakhstan is not playing the so-called ‘Great Game’ between East and West, but rather pointing out the scope for "Big Opportunities". “Kazakhstan’s positive relations with countries often in conflict, such as Russia and Ukraine, China and the United States, Azerbaijan and Armenia, and Israel and the Palestinian territories, grant Astana legitimacy,” Rossi writes, “to act as a buffer and stabilizing force among major powers. This positioning allows Kazakhstan to reduce tensions and potentially mediate conflicts. Under...

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SCO Summit: Tokayev and Xi Laud Kazakhstan-China Ties

On the eve of the 2024 Shanghai Cooperation Organization (SCO) Summit, hosted this year by Kazakhstan in its capital Astana, the leaders of Kazakhstan and China were keen to highlight the strength of their countries’ partnership. The SCO is a political, security and economic alliance in the wider Eurasia region, aimed at promoting trade and investments between member states, as well as global security. The Organization – which includes nine full members, four observer states and 14 dialogue partners – covers half of the world’s population, and almost a third of global GDP.  In comments to China’s Xinhua news agency, Kazakh President Kassym-Jomart Tokayev spoke of a “close political dialogue” between the two countries, supported by the SCO, thanks to which “China is consolidating its position as Kazakhstan’s leading trade and investment partner”.  Mutual trade between the countries reached a historic record of $41 billion in 2023. Tokayev added that “China became one of the top four foreign investors in Kazakhstan in 2023, investing around $2 billion in direct investments, a year-on-year growth of 16.4%. The total volume of Chinese investment in the Kazakh economy is over $25 billion. Around 4,700 Kazakh-Chinese enterprises operate in our country.” In his comments to Xinhua Tokayev also highlighted Kazakhstan’s growing cultural ties with China, mentioning a new agreement on a visa-free regime between the countries, the creation of cultural centers in both nations, and the fact that 2024 has been named the “Year of Kazakhstan tourism in China”. The president himself lived in China for eight years, where he studied Chinese in Beijing before working for the Soviet Union’s embassy to China. In turn, in a letter published by the Kazinform news agency, China’s leader Xi Jinping noted: “China is now Kazakhstan’s largest trading partner and its top export destination. Major strategic projects including the Zhanatas wind farm, Turgusun hydropower station, and the modernization of Shymkent Oil Refinery have been completed and commissioned. China-Kazakhstan crude oil and natural gas pipelines are operating in a safe and stable manner. The ‘green lanes’ for fast customs clearance of agricultural products are available at all border ports between the two countries, which makes green agri-products of high quality from Kazakhstan easily accessible for Chinese consumers. The potential for cooperation in new energy and transportation infrastructure has been unleashed. The transport and logistics terminal in Xi’an, the Western Europe-Western China Highway, and the China-Europe Railway Express all operate smoothly, providing a strong boost to the development of both China and Kazakhstan.” Kazakhstan has a multi-vector approach to its foreign policy; its role within the SCO complements the country's cooperation with the United States through the C5+1 platform, and a constant dialogue with the European Union. In a recent speech about Kazakhstan's chairmanship of the Shanghai Cooperation Organization this year, President Tokayev commented: "Kazakhstan is committed to multilateral cooperation. In our foreign policy we proceed from the national interests, and are in favor of solving all disputable issues on the basis of rational compromise. In addition to the...

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SCO Summit in Astana: Correspondents from China Global Television Network, Times of Central Asia Discuss Upcoming Meeting

National leaders and other dignitaries from over 20 countries will be in the Kazakh capital of Astana this week for the annual summit of the Shanghai Cooperation Organization (SCO). The Times of Central Asia will be covering the SCO Summit live on 3 and 4 July from the city’s Palace of Peace and Reconciliation. The SCO is a political, security and economic alliance in the wider Eurasia region. This year’s Summit host Kazakhstan was a founding member of the Organization in 2001, alongside China and Russia, and its Central Asian neighbors Kyrgyzstan, Tajikistan and Uzbekistan. The last time the Summit was held in Astana, in 2017, India and Pakistan became full members. There are currently nine full member states, four observer states, and 14 dialogue partners, covering half of the world’s population, and almost a third of global GDP. This year's Summit will have significant implications for regional and global affairs. It is likely to produce initiatives aimed at reducing trade barriers, and promoting investments between SCO member states. High on the agenda will be the Belt and Road Initiative (BRI) – a crucial framework for enhancing connectivity and economic ties between China and its Central Asian partners. Other anticipated outcomes include new initiatives on climate change and sustainable development, as well as strengthened cultural and educational exchanges. Upon the initiative of Kazakhstan’s President Kassym-Jomart Tokayev, 2024 has been named the SCO “Year of Ecology”. Ahead of the Astana Summit, The Times of Central Asia’s senior editor Jonathan Campion spoke with an anchor from China Global Television Network, Mr Zhong Shi, about the role of the Shanghai Cooperation Organization plays in the Central Asia region. Their talk can be viewed in full in the videos below. In response to The Times of Central Asia’s question about what makes the SCO different from other alliances that the countries of Central Asia are aligned with, Mr Zhong explained that: “The SCO has been truly effective in combatting what we call the three enemies of all members, namely terrorism, extremism and separatism. There have been joint military drills conducted to enhance the coordination among armed forces”. Listen to Mr Zhong’s full response below: [video width="1920" height="1080" mp4="https://timesca.com/wp-content/uploads/2024/06/fullscreen-Zhong-Shi-answer-2-questions.mp4"][/video]   [video width="1920" height="1080" mp4="https://timesca.com/wp-content/uploads/2024/06/tw0-windows-Zhong-Shi-answer-2-questions.mp4"][/video] In turn, Mr Campion gave The Times of Central Asia’s perspective on the upcoming Summit. Asked about the impact that the Belt and Road Initiative has had on Central Asia, he replied: "Central Asia is evolving as a land bridge component to the Belt and Road Initiative linking China to the Caspian Sea. We’re seeing that investments in transport infrastructure are unlocking the region’s vast natural resources. With the world making a green transition, Kazakhstan stands out, as it has an abundance of critical materials – or green metals as they are known – that are used in the components of green technologies.” Listen to Mr Campion’s full response below: [video width="1920" height="1080" mp4="https://timesca.com/wp-content/uploads/2024/06/Jonathon-answer-Q2.mp4"][/video]   [video width="1920" height="1080" mp4="https://timesca.com/wp-content/uploads/2024/06/Jonathon-answer-Q3.mp4"][/video]  

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