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CAMCA

Opinion: The 2026 CAMCA Regional Forum Concludes – What’s Next?

The 2026 CAMCA Regional Forum has concluded in Baku after two full days of conversation on a range of topics shaping the future of the region. The closing ceremony included an official announcement that next year’s Forum will take place in Uzbekistan in June of 2027. The question now is: in the lead-up to next year’s convening, how do we build on the connections, ideas and momentum built in Baku to truly advance regional cooperation in the months ahead? How do we turn conversation into action? The mechanism and catalyst for this will be the CAMCA Network – the dynamic collection of more than 300 talented leaders spread throughout the entire region and beyond – united by a common conviction that a successful future of the CAMCA region lies in intraregional cooperation and collaboration. Through existing initiatives, such as CAMCA Talking magazine, and forthcoming projects – CAMCA TV and the CAMCA Conversations podcast – the network will utilize these innovative platforms to raise awareness around the important developments taking place within the CAMCA region, and, most importantly, to highlight where regional cooperation is well underway, where more is needed, and how leaders across sectors can do their part to drive tangible collaboration to the next level. While the CAMCA Network can serve as an important stimulus of this effort, it is critical that we continue to expand the CAMCA community across all sectors and build partnerships with individuals, organizations and companies that share our vision for CAMCA’s connected, collaborative and prosperous future. This is the charge we take from Baku and will be an integral part of CAMCA’s next chapter. From his time in public service and at the outset of the Rumsfeld Foundation’s work with rising leaders from the region, Secretary Rumsfeld believed in the incredible potential of the CAMCA region, predicated on the ten countries themselves recognizing the benefit of their enhanced cooperation. 20 years ago, there were few who shared his vision or his optimism. Today, on the heels of the 12th annual CAMCA Forum, this vision has come to life, and global interest and momentum are in CAMCA’s favor. As we look towards the 2027 CAMCA convening in Uzbekistan, we are eager to invite partners from within the region and across the globe to join us in building CAMCA’s next chapter. The groundwork has been laid, and a dedicated and energetic network of regional trailblazers now exists – let’s put it to work and bring CAMCA to a new level. The CAMCA Regional Forum is an annual, non-partisan event dedicated to promoting dialogue, cooperation, and sustainable economic growth across Central Asia, Mongolia, the Caucasus, and Afghanistan. Established as a premier platform for high-level engagement, the Forum convenes diverse stakeholders from government, business, academia, civil society, and beyond. The Forum is co-organized by the Rumsfeld Foundation, Central Asia-Caucasus Institute, and the CAMCA Network. Learn more at www.camcaforum.org. The views expressed in this article are those of the author and do not necessarily reflect the official policy...

CAMCA

Opinion: Building Bridges, Backing the Future: Why Entrepreneurs Must Connect Across Borders

In the age of AI, capital and code travel fast. Trust does not. That is why the most valuable infrastructure our region can build right now is human: entrepreneurs who know each other across borders. This week in Baku, at the CAMCA Forum 2026, two moments stayed with me. The first was a conversation on stage with investor Lucy Chow about what it means to back the future when artificial intelligence is rewriting the rules of business. The second happened a day earlier, quietly, at a signing table. The CAMCA network signed a Memorandum of Understanding with YEGAP, the Young Entrepreneurs Group of Asia Pacific. Mr. Hiromi Aoki travelled from Japan to be with us. The purpose is simple to state and hard to do: build a lasting bridge between the founders of Central Asia, Mongolia, the Caucasus and Afghanistan and their peers across Asia-Pacific. Those two moments are connected. The more powerful technology becomes, the more the advantage shifts to people who are connected to other people. What "backing the future" means now I opened our session by asking Lucy what "backing the future" means to her. We spent the next hour testing that phrase against the realities of AI: what is truly different about this wave, where the signal ends and the hype begins, and where entrepreneurs still have room when so much capital flows to a handful of AI giants. The answer that emerged was reassuring. AI changes the tools, the speed and the cost of building a company. It does not change what makes a company worth backing: a visionary founder, a real problem, a great solution, a customer who will pay to solve it, and a team that can execute and adapt. What AI does change is the bar. When anyone can build a prototype in a weekend, a prototype is no longer proof. The proof is distribution, domain knowledge and trust with customers. Those are exactly the things the world's largest AI labs cannot buy in Almaty, Tashkent, Ulaanbaatar or Baku. That is where the space for our entrepreneurs lies. Not in competing to build the biggest foundation models, but in applying AI to the industries we know better than anyone: agriculture and herding, logistics along new trade corridors, remittances and financial inclusion, energy, health, education and natural resources. The main focus should be to really focus on our uniqueness and take that to the world and showcase our local identity. Investors back people, and people are shaped by their networks When technology moves this fast, how do you judge a founder? The qualities we discussed are not new: resilience, curiosity, honesty about what is not working, and the speed to learn and change course. What is new is how quickly those qualities are tested. A founder today may need to rebuild a product three times in the time it once took to build it once. One quality matters more than it used to: the ability to learn from others. No founder can track...

CAMCA

Opinion: CAMCA: From Regional Connectivity to Cross-Border Innovation

What would it take for a fintech company that succeeds in one CAMCA country to enter another without starting from zero? That question guided a roundtable on the next digital Silk Road at the CAMCA Regional Forum in Baku. The discussion brought together leaders in financial services, investment, and technology from a region spanning Central Asia, the Caucasus, Mongolia, and Afghanistan. As moderator, I wanted to move beyond the broad ambition of regional connectivity and examine what companies need to operate across borders: working payment systems, partnerships, regulatory clarity, and a path to their first customer in a new market. The panel featured Tughra Musayeva, Head of Innovations at PASHA Financial Holding; Jenny Jenish kyzy, Product Owner at MBank Junior and a CAMCA Network member from Kyrgyzstan; Muna Shukurova, Managing Director of Alif in Uzbekistan and a CAMCA Network member from Tajikistan; and Jonathan Low, Founder and Group CEO of Ampyre Group and Biptap. A central theme was financial infrastructure. The speakers explored the potential for pilots using existing platforms to connect CAMCA markets, including cross-border payments, business settlements, digital wallets, and new settlement technologies. Such pilots would require regulators and private companies to work together on defined problems and learn from results. Mr. Low argued that the region has an opportunity to make deliberate choices about the systems it wants to build: “Most regions overregulate before they even know what they're building. CAMCA has an advantage here, it can watch Europe's and ASEAN’s fintech buildout and skip the mistakes instead of repeating them and learn what works. But that only works if you decide what you want first. Regulation should follow the vision, not replace it. And the tool that actually unifies a region this spread out is banking orchestration, new technology stitching fragmented markets into one functioning system.” Expansion also raises a practical question for companies already active in more than one market: which capabilities can travel, and which parts of a product must change? Requirements for licensing, identity checks, anti-money-laundering controls, infrastructure, and consumer behavior differ across countries. Ms Shukurova drew on Alif’s experience of entering other CAMCA markets: “Regional expansion is not a copy-paste exercise. You can replicate technology, risk expertise and operating capabilities, but the product still has to be built around local regulation, infrastructure and customer behavior. The core can travel; the market fit has to be local.” The panel then turned to the role of established financial groups. For a startup, a successful pilot can demonstrate that a solution works. It becomes more valuable when that result helps the company find a partner or customer in its next market. Corporate networks and regional investors can help make that step less costly. Ms Musayeva described the gap between proving a product and expanding it: “In our region, a startup does not scale simply because its technology is scalable. It scales when the ecosystem reduces the cost of entering the next market. Today, a founder who has proven a solution in Tashkent still arrives in...

CAMCA

Opinion: Central Asia’s Wider Future: The CAMCA Network Brings Regional Cooperation to Baku

Central Asia is helping shape a wider regional agenda, one that connects trade and investment with technology, education, and security. In Baku, the CAMCA Regional Forum is bringing together the people who can carry that agenda forward, with the CAMCA Network helping turn shared interests into opportunities for cooperation. Taking place on October 1–2 at the Fairmont Baku Flame Towers, the 2026 CAMCA Regional Forum convenes policymakers, business leaders, investors, educators, researchers, and entrepreneurs under the theme “The World and CAMCA: A Region at the Crossroads.” Its central question is how regional cooperation can expand economic opportunities and strengthen the capacity of countries and communities to shape their future. The CAMCA Network helps shape this conversation. As a co-founder and co-organizer of the forum, it connects professionals across Central Asia, Mongolia, the Caucasus, and Afghanistan. Its members contribute expertise, lead discussions, and bring the experience of working in the region into the program. They also give the forum continuity: relationships strengthened in Baku can support collaboration long after the gathering concludes. For Central Asia, that wider community matters. The five countries have distinct economic structures, resources, and international relationships. Cooperation must reflect those differences while identifying where shared effort can expand their choices. Connections with the Caucasus, Mongolia, and Afghanistan offer different opportunities and challenges, each deserving a place in the regional conversation. The CAMCA Regional Forum’s discussions of global shifts through 2030 and greater Central Asia–Caucasus convergence address this strategic landscape. “From C5 to a Wider Framework” asks how a broader geography of cooperation might serve the region’s interests. The underlying issue is the ability of countries to shape their own decisions: how working with neighbors can strengthen their options in a changing international environment. Economic connectivity provides a concrete test. Routes across the Caspian and through the Caucasus can help Central Asian countries reach additional markets and partners. Their value depends on dependable transport, workable procedures, and institutions able to coordinate across borders. Businesses need enough certainty to invest, plan, and build lasting commercial relationships. Today’s discussion on connecting CAMCA to the world brings these questions together. For Central Asia, the opportunity extends beyond moving goods through the region. Better connections can support production, logistics, services, and investment within it. The strategic objective is to create more value locally and give regional enterprises a stronger place in wider markets. The forum’s paired sessions on public policy and the private sector approach that objective from complementary directions. Governments influence the conditions under which companies operate. Businesses decide where to commit capital, develop products, and employ people. Bringing these perspectives together helps clarify which barriers require public action and where commercial initiative can move cooperation forward. Technology adds another dimension. The discussion of artificial intelligence asks where CAMCA fits in a rapidly changing global economy. The Digital Silk Road roundtable connects that question with financial services and innovation. For entrepreneurs in Central Asia, digital connections can open access to customers, payments, financing, and partners across borders. The investment and entrepreneurship...

Central Asia-U.S. Relations

Opinion: Central Asia Is More Than Minerals

For years, Central Asia was one of those regions that Washington periodically rediscovered and then forgot. Officials visited and announced new initiatives, but the relationship hardly changed. That is no longer the case. Many pundits see the current surge of American interest in Central Asia through the lens of transactional foreign policy: nowadays the focus has been on critical minerals, supply-chain security, and competition with China. Valid so far as it goes, this approach misses the larger story. Central Asia is not suddenly important because of its minerals or because Washington has decided that it is. Increasingly, Washington must pay attention to Central Asia because the region itself is changing, and in largely positive directions. Over three decades, American investors largely dismissed the region as too poorly governed and too distant. Now the region itself is working to change the conditions that made it unattractive. The transformation is far from complete, but it is real. When the Central Asian states emerged from the Soviet Union in 1991, they faced grave disadvantages. State enterprises dominated their economies, and they fell short of Western investors’ expectations in both the rule of law and transparency. While such problems have not disappeared, they are everywhere being worked on. Uzbekistan provides the clearest example. Since 2017, Tashkent has undertaken reforms to liberalize its economy and improve the environment for private investment. The World Bank now describes Uzbekistan as one of the world's top reformers. Kazakhstan has also built more sophisticated financial and regulatory institutions. Its goal is to position itself as a regional hub for logistics, energy, and finance. The World Bank's new 2026–31 country strategy emphasizes a "business-ready Kazakhstan," with greater private-sector participation, improved infrastructure, and better natural-resource management. The pace of change in Kyrgyzstan, Tajikistan, and Turkmenistan has been slower, for understandable reasons. Kyrgyzstan’s early political reforms long left the government rudderless, Tajikistan endured a five-year civil war, and Turkmenistan was stymied by Russia’s total control of its gas industry. Now these countries, too, are belatedly advancing. Central Asia has not become Switzerland. Corruption, political interference, and governance problems still afflict the countries’ economies, and the OECD continues to identify these as important obstacles to investment. The question is not whether Central Asia has solved these problems but whether it has changed enough to become investable. The answer increasingly is yes, it has. Moscow's offensive in Ukraine accelerated changes Washington had sought for decades. Secondary sanctions compelled Central Asians to develop new commercial avenues not subject to international restrictions. While Central Asian governments maintain important relations with Russia, they all seek pragmatic alternatives that reduce their former reliance on Moscow. The countries are expanding regional cooperation while reaching across the Caspian to the South Caucasus and beyond. The resulting Middle Corridor promises direct access to global markets. The measure of its success will be whether Kazakhstan and Turkmenistan gain trans-Caspian pipelines to transport their resources directly to Europe. In short, Central Asia is doing what Washington has long wanted it to do: become more...

Cold War

Opinion: Weaponizing Faith – The Cold War Roots of Central Asia’s Security Dilemma

Central Asia’s contemporary security dilemma is partly rooted in Cold War strategies that transformed Muslim identity into a factor of geopolitical competition. Washington viewed Soviet Central Asia’s Muslim populations as a potential pressure point against Moscow. The Soviet Union itself mobilized Central Asian Muslim personnel during its intervention in Afghanistan. These policies did not alone create later radical movements, but they contributed to a regional environment where existing grievances, ideological narratives, and transnational networks could be redirected and intensified. The origins of Washington’s interest in Soviet Muslim populations as a strategic factor emerged during the final years of the Cold War. In 1977, the Nationalities Working Group, an interagency task force within the National Security Council, was established to examine vulnerabilities among the Soviet Union’s non-Russian nationalities. Declassified U.S. records show that American officials studied ethnic, cultural, and religious identities as possible sources of pressure against Moscow. Following the Soviet invasion of Afghanistan in December 1979, this approach became part of Washington’s broader effort to weaken Soviet influence. Through Pakistan’s Inter-Services Intelligence (ISI), the United States provided assistance to Afghan resistance organizations, while Saudi Arabia contributed significant financial support. Pakistan’s military government under General Zia-ul-Haq favored Islamist factions among Afghan resistance groups, helping connect military assistance with religious mobilization against Soviet forces. During his visit to the Khyber Pass in early February 1980, U.S. National Security Adviser Zbigniew Brzezinski addressed Afghan resistance fighters, declaring: "That land over there is yours. You will go back to it one day because your cause is right and God is on your side." The remarks reflected how the anti-Soviet struggle was framed not only in geopolitical terms but also through religious language and symbolism. [caption id="attachment_56711" align="aligncenter" width="2560"] Soviet T-62 tank leaving Afghanistan; image: U.S. Department of Defense.[/caption] The Afghan conflict was also fought through education and information campaigns. Between 1986 and 1992, the U.S. Agency for International Development (USAID) funded an approximately $50 million educational program through the University of Nebraska–Omaha’s Center for Afghanistan Studies for Afghan refugees and schools. Research has shown that some textbooks incorporated violent imagery, references to weapons and combat, and themes glorifying holy war and the duty of martyrdom. Produced for wartime Afghanistan, these materials reflected, and arguably helped sustain, a militarized ideological environment. Islamic religious life in Central Asia had its own deeper roots. Despite Soviet restrictions, religious learning survived through underground hujra networks and unofficial scholarship. Figures such as Muhammadjon Hindustoniy-Rustamov, born in the Fergana Valley and later one of Soviet Central Asia’s most influential unofficial Islamic scholars, shaped generations of students even as Afghanistan became an arena of international rivalry during the 1980s. Moscow also used Central Asian Muslim identity for strategic purposes. The 154th Separate Spetsnaz Detachment, known as the “Muslim Battalion,” was composed largely of Uzbek, Tajik, and Turkmen soldiers from the Soviet Turkestan Military District. The unit participated in Operation Storm-333 in December 1979, the Soviet operation that killed Afghan President Hafizullah Amin and installed Babrak Karmal. The selection of Central Asian...