Tajikistan Features - The Times Of Central Asia

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Tajikistan’s External Debt Reaches $3.25 Billion

As of October 1, Tajikistan’s external debt stood at $3.25 billion, according to a report by Asia-Plus citing the Ministry of Finance. This represents a modest 0.2% increase, or $7.1 million, compared to January 1. Approximately 96% of the debt comprises direct government debt, incurred to meet state obligations, while $138.8 million is under state guarantees. Tajikistan’s external debt-to-GDP ratio is 27%, which is considered a favorable level. The largest creditors include the World Bank ($370 million), the Asian Development Bank ($260 million), the Islamic Development Bank ($212 million), and the European Bank for Reconstruction and Development ($167 million). A significant portion of the debt, $500 million, consists of Eurobonds issued in 2017 to finance the completion of the Rogun Hydroelectric Power Plant. While the government adheres to the repayment schedule for these bonds, only interest payments have been made so far. Next year, Tajikistan is expected to seek additional loans from development partners to continue work on the Rogun Hydroelectric Power Plant. This move is anticipated to substantially increase the country’s external debt. By way of comparison, The Times of Central Asia recently reported that neighboring Uzbekistan’s public debt is projected to reach $45.1 billion by the end of 2025.

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A Synthesis of Sounds: How the Silk Road Became the Melting Pot of Music in the Soviet Empire

As a DJ, radio podcaster and music enthusiast, I love discovering hidden retro gems like Nuggets-style compilations. There is an unspoken agreement on an era’s sounds depending on the artist’s breaking into the mainstream at the time. Then there are the obscure cuts and one hit wonders that for some reason didn’t make it big upon release, but dated well or were ahead of their time and found an audience at a later date. On other occasions, it’s about geography; if it had been premiered in a different part of the world, it would have been successful or far more celebrated than it was. In my search for such sounds, I feel it shouldn’t be limited by location; good music has no boundaries. [caption id="attachment_25764" align="aligncenter" width="950"] Yalla band, commemorative stamp, Uzbekistan, 2021 [/caption] There are many compilations touching upon niche genres and moments in time which can transport one to sonically experience a particular era. As a Westerner trying to peek behind the Iron Curtain to gauge the music and arts scene of the 1970’s and 80’s, what flickered across the Cold War barriers seemed controlled, state-approved, and mostly a mystery. It was a delight to learn that under this supposed monochromic blanket, a dynamic underground music scene was flourishing in regions that had a long history of cultural fusion. SYNTHESIZING THE SILK ROADS: Uzbek Disco, Tajik Folktronica, Uyghur Rock & Crimean Tatar Jazz from 1980s Soviet Central Asia features musicians from countries such as Uzbekistan, Tajikistan, and Kazakhstan, who were creating a unique sound that stood apart from anything else being produced in the USSR. TCA spoke to Ostinato record label boss Vik Sohonie about the release. TCA: How does this statement by Peter Frankopan quoted in your liner notes - “The bridge between east and west is the very crossroads of civilization” - relate to or define the music you chose? The music itself is the greatest evidence we have to this argument, because you can hear the cultures of Europe, South Asia, East Asia, West Asia - the Middle East - all mixed into it. Indeed, Central Asia was influenced by all of these regions musically given its unique geography, but it has also influenced the cultures of so many of those parts of the world. During the era of the Silk Roads and the "golden age" of the region, its musical theory, as stated in the liner notes, influenced the music of Europe. [caption id="attachment_25766" align="aligncenter" width="2172"] Natalia Nurumkhamedova album cover[/caption] TCA: How did World War II and Stalin create the circumstances behind the Tashkent and Uzbekistan scene? When the Nazis invaded the Soviet Union, Stalin put the best and brightest minds on trains bound for Soviet Central Asia, mainly Uzbekistan and its capital, Tashkent. There were recording engineers on board who went on to set up one of the biggest press plants in the Soviet Union that produced millions of records. A little-known story of World War II - the evacuation from the Eastern...

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Russia Looking to Export Gas to China via Kazakhstan

Russia continues to try to reorient its natural gas exports from Europe to Asia and is planning a new pipeline route to China that would pass through Kazakhstan. Kazakhstan stands to benefit not only from transit fees, but could also import some Russia gas for regions in northeastern Kazakhstan that are desperately in need of more energy sources. The Russian plans are bad news for Turkmenistan as China is Turkmenistan’s main gas customer and Turkmen authorities were hoping to sell China even more gas. On November 15, Russian Deputy Prime Minister Aleksandr Novak mentioned the pipeline plan on the sidelines of a Chinese-Russian forum in Kazan, Russia. Novak said such a project is still only being discussed, but Russian media outlet Kommersant wrote on November 18 that there are already three options for the pipeline. All three possibilities pass though northeastern Kazakhstan, but Kazakhstan’s level of participation in the pipeline is different in each variation. One of the projects would require Kazakhstan to build a pipeline for gasification of the northeastern Pavlodar, Abai, and Karaganda provinces. A second proposal would include only the Abai and Zhetysu provinces. Russian gas giant Gazprom’s financial obligation also changes depending on the pipeline project selected. The most expensive option for Gazprom would cost more than $10 billion to construct and would not operate at full capacity until 2034. All versions foresee at least 35 billion cubic meters of Russian gas (bcm) shipped via the pipeline with Kazakhstan receiving some 10 bcm, which would greatly alleviate recent power shortages in northeastern Kazakhstan. Despite Novak saying the pipeline project was only being discussed, Kazakhstan and Russia appear well along in their planning. In early May, Kazakh Ambassador to Russia Duaren Abayev gave an interview to Russia’s TASS news agency and mentioned there was a “roadmap” for supplying 35 bcm of gas to China via Kazakhstan. Russia already exports gas to China via the “Sila Sibiri” (Power of Siberia) pipeline and expects that in 2024 the pipeline will for the first time reach its full capacity of 38 bcm. Construction of Sila Sibiri-2 with a planned capacity of some 50 bcm has been delayed due to China’s reluctance to loan Russia money for construction, differences over price, and China’s increasing purchases of liquefied natural gas (LNG). Novak commented on Sila Sibiri-2, saying the pipeline project involving Kazakhstan was separate and the Russian government will continue to negotiate with China about construction of Sila Sibiri-2. Russia is seeking to replace its former main customer, the European Union. Prior to the Kremlin launching its full-scale war on Ukraine in February 2022, the EU was buying between 150-160 bcm of Russian gas annually. The EU sharply cut back on Russian gas imports in response to the invasion of Ukraine and in 2023 imported less than 43 bcm. Russia’s pivot to Asia for gas exports targets the Chinese market, but Gazprom is looking to take any possible Asian customers and has found some in Central Asia. Russia’s surge into the Asian...

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Tajik MMA Fighter Chorshanbiev, Imprisoned For Criticizing Authorities, Faces New Charges

In Tajikistan, the well known MMA fighter and prominent blogger Chorshanbe Chorshanbiev, already serving an 8.5-year prison sentence, has been handed an additional four years on new charges. Journalist Anora Sarkorova reported the development on November 18, which was later confirmed by sources at Radio Ozodi. Chorshanbiev, known for criticizing Tajik authorities in the Gorno-Badakhshan Autonomous Region while residing in Russia, was deported to Tajikistan in December 2021. By May 2022, he was convicted of “public calls for violent change of the constitutional order” and sentenced to 8.5 years in prison. Details of the additional sentence remain unclear, but it is speculated to be related to either violations of prison regulations or involvement in a fight. Recently, Chorshanbiev was transferred from a penal colony in Khujand to a pre-trial detention center in Dushanbe. Chorshanbiev’s legal troubles began in December 2021 when he was deported from Russia for traffic violations. Upon his arrival in Dushanbe, he was arrested, and the Tajik prosecutor's office initiated charges against him, alleging incitement of social and national discord and calls to overthrow the state system. However, during the investigation, the first charge was dropped. His trial garnered significant public attention. Prominent athletes in Russia voiced their support for him, and his defense team argued that the case rested on a single piece of evidence: a video recorded in November 2021. In the video, Chorshanbiev commented on violent clashes in Khorog, during which three people were killed and dozens injured. The prosecution claimed his statements amounted to incitement of protests against the government. A political scientist’s analysis, presented during the trial, characterized Chorshanbiev’s remarks as a call for rebellion. However, his lawyers contested this interpretation and requested a re-evaluation of the video. In court, Chorshanbiev maintained that he had no intention of destabilizing the country. Despite the divided expert opinion, Chorshanbiev was convicted, and his case continues to provoke debate.

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Fueling Growth: IFC Strategic Initiatives for Sustainable Development in Central Asia – An Interview With Hela Cheikhrouhou

With its headquarters in Washington, D.C. the International Finance Corporation (IFC) was established in 1956 as the private-sector arm of the World Bank. The institution offers advisory, and asset-management services to promote investment in developing countries. Recent ventures in Central Asia include solar power projects in Uzbekistan and Kyrgyzstan, and an entrepreneurship scheme for women and young people in Tajikistan. TCA spoke with Hela Cheikhrouhou, IFC Vice President for the Middle East, Central Asia, Türkiye, Afghanistan, and Pakistan about the IFC’s work in Central Asia. TCA: Can you please give us an overview of IFC's performance in Central Asia for fiscal year 2024 (July 1, 2023, to June 30, 2024)? IFC had a pivotal year in Central Asia, making strides in sustainable development and inclusive growth across the region. Our efforts concentrated on climate finance, infrastructure, agriculture, and supporting smaller businesses. By coupling investments with advisory support, we helped expand the role of the private sector, creating jobs, promoting financial inclusion, strengthening infrastructure, and supporting the region's green transition. In the fiscal year 2024, IFC committed over $1 billion to Central Asia. This includes about $400 million in long-term financing from our own account, $600 million in mobilization, and $35 million in short-term trade and supply-chain finance to facilitate trade flows. Alongside these financial commitments, we engaged in advisory projects focused on improving financial inclusion, developing innovative public-private partnerships (PPPs), and advancing climate initiatives and gender equality. Our results this year underscore our commitment to fostering sustainable, inclusive growth, and enhancing the resilience and sustainability of Central Asian economies. TCA: Can you highlight some of the IFC’s key achievements in Central Asia this year? In addition to the strong financial commitments mentioned earlier, IFC expanded its presence in various sectors, including finance, capital markets, renewable energy, agriculture, and infrastructure. Through our advisory services, we helped structure impactful PPPs at the sectoral level. A major focus this year has been strengthening local financial markets. IFC invested $228 million across ten financial institutions in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. Up to half this amount was dedicated to supporting women entrepreneurs and rural enterprises. We also helped these financial institutions expand portfolios related to their micro, small, and medium enterprise (MSME) businesses, advance climate finance, foster digital transformation, and issue the region’s first sustainability, social, and green bonds. Supporting MSMEs has enabled entrepreneurs to grow their businesses and generate employment. In the past fiscal year alone, IFC-supported projects created around 35,000 direct jobs, including opportunities for over 13,000 women across the region. These efforts have been further bolstered by targeted investments and projects in individual countries across the region. In Uzbekistan, IFC, together with the World Bank, financed a new solar plant equipped with the country’s first battery energy storage system. Once completed, the plant is expected to provide electricity access to around 75,000 households in the Bukhara region. As part of its broader support for the Uzbek government’s efforts to reform its chemical sector, IFC assisted the State Asset Management Agency in privatizing Ferganaazot,...

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COP29: Tajikistan Goes for Green as Pollution, Climate Change Take Toll

Tajikistan’s longtime president has said his country plans to switch entirely to renewable sources of energy by 2032, though a recent World Bank report warns that climate change is already threatening Tajikistan’s energy and water security, which are key to development. At the United Nations climate conference in Azerbaijan, President Emomali Rahmon said on Tuesday that Tajikistan’s goal was to become a “green” country by 2037, a reference to low carbon and resource efficiency goals. “Today, 98% of our electricity is produced by hydropower, and Tajikistan's share in the amount of greenhouse gas emissions is small” compared to many other countries, said Rahmon, who has been in power since 1994. “However, achieving the above goals requires a lot of effort and money from us.” He told delegates at the COP29 meeting in Baku that Tajikistan is cooperating with development partners, “especially global financial institutions.” In a report released last week, the World Bank cautioned that Tajikistan’s growth model has “reached its limits” despite robust economic development and poverty reduction in the last two decades. It said domestic institutions are weak, the private sector is underdeveloped and Tajikistan’s economic aspirations will be on hold unless it implements structural reforms. “Degraded agricultural land, along with risks of increasing water scarcity, raises major risks to the productivity of crop and livestock sectors, critical to the livelihoods of the majority of Tajiks. Air pollution is rife, with Dushanbe’s measure of particulate matter far exceeding regional averages and other cities affected,” it said. The World Bank acknowledged Tajikistan’s plan to improve infrastructure for hydropower development, clean energy, and water storage to address the challenges of climate change. But it said the effects of global warming, including glacier melting and extended droughts, could undermine development goals and drive an increase in poverty. Tajikistan’s big hope is that the Rogun hydropower plant, which has been under construction since 2007 and is partly operating, can play a transformative role in electricity generation in Tajikistan but also as a clean energy exporter to other countries in Central Asia. The project has faced delays, cost overruns and criticism from environmental and rights groups. The World Bank, one of the international backers of the project, said the success of the Rogun plant, which will have a total generation capacity of 3,780 megawatts, will depend on “enhanced governance and transparency, dedicated supervision support, and a sustainable macroeconomic framework.”