• KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00221
  • TJS/USD = 0.10850
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
25 October 2026

Viewing results 25 - 30 of 946

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...

Why Central Asian Governments Are Regulating Religious Life

Kyrgyzstan is requiring bloggers and other social media users who publicly preach religion online to obtain a special certificate. The website of the National Agency for Religious Affairs and Interethnic Relations includes an application form for registration as a “religious preacher.” Nurgazy Kyrgyzbaev, a chief specialist at the agency, announced the measure on local radio. He said the requirement stems from the country’s new religion law, which introduced the legal category of “religious preacher.” “People who want to publicly call others to religion must obtain a special certificate. Their religious education will be considered first and foremost. Recently, people have appeared online who call themselves bloggers and create religious content,” Kyrgyzbaev said, adding that their religious qualifications had previously gone unchecked. This, he argued, created a risk of inaccurate or misleading religious information being spread. Under the new system, applicants must have higher or secondary religious education and obtain the consent of the relevant central religious authority before registering with the agency. For Muslim applicants, this means approval from the Spiritual Administration of Muslims of Kyrgyzstan, or Muftiate. Kyrgyzbaev said Muftiate employees engaged in preaching are automatically treated as religious preachers. Kyrgyzstan has traditionally allowed greater religious diversity than most of its Central Asian neighbors, including a wider range of Islamic movements. It remains the only country in the region where Tablighi Jamaat and the Nurcular movement can operate legally. Tablighi Jamaat, for example, is banned as extremist in Kazakhstan, Tajikistan, and Uzbekistan. Religious Freedom Concerns Across the Region Central Asia has long attracted criticism from international religious-freedom monitors. In its 2026 annual report, the U.S. Commission on International Religious Freedom (USCIRF) recommended that the U.S. State Department place Kazakhstan, Kyrgyzstan, and Uzbekistan on its Special Watch List for severe violations of religious freedom. It recommended that Tajikistan and Turkmenistan be designated Countries of Particular Concern, a higher category reserved under U.S. law for governments accused of particularly severe violations. According to USCIRF, Tajik authorities continued to use the country’s law on traditions and ceremonies to regulate religious life, including through fines and public campaigns. After amendments adopted in 2024 prohibited the import, sale, promotion, and wearing of clothing deemed “alien to national culture,” authorities also campaigned against what they described as foreign styles of dress. USCIRF and other religious-freedom monitors have reported even tighter state control in Turkmenistan, where religious activity outside officially approved structures remains heavily restricted. Reports have described pressure on religious leaders to provide information to the authorities about believers practicing outside state-sanctioned forms of Islam. USCIRF has argued that Tajikistan and Turkmenistan, like other Central Asian states, apply extremism laws to religious practices that involve neither violence nor incitement. Religion Moves Online in Kazakhstan In Kazakhstan, as in Kyrgyzstan, mosques are no longer necessarily the primary source of religious knowledge for younger people. At independence in 1991, Kazakhstan had only 68 mosques. The Spiritual Administration of Muslims of Kazakhstan reported 2,945 functioning mosques at the beginning of 2026. The expansion reflects the extraordinary revival of...

At CAMCA, Uzbekistan Revives Push for a Stronger Regional Body

Uzbekistan has renewed its call for a stronger regional institution, with senior senator Sodiq Safoev urging Central Asian leaders to move beyond their consultative meeting format. His remarks in Baku return attention to a proposal President Shavkat Mirziyoyev outlined last November, when he called for a Community of Central Asia. Safoev, first deputy chairman of Uzbekistan’s Senate, told the CAMCA Regional Forum on October 1: “I think the time has come to transform the Consultative Meeting … into another institutional structure, not simply a Consultative Meeting, but something more.” S. Frederick Starr, chairman of the Central Asia-Caucasus Institute, also called for stronger regional institutions at the forum, arguing that institutional development needed to support the expansion of transport and commercial links across the region. At the November 16, 2025, summit in Tashkent, Mirziyoyev proposed a rotating secretariat and stronger rules governing the leaders’ meetings. He also proposed making national coordinators special presidential representatives, giving them greater political authority. The secretariat would coordinate work between summits. The machinery for regular cooperation is already developing. The Council of National Coordinators held its first meeting in Tashkent on January 30–31, 2025, where foreign ministry representatives from all five Central Asian states discussed preparations for Uzbekistan’s chairmanship and a schedule of joint events. Mirziyoyev returned to the institutional argument at the July 31 informal summit in Cholpon Ata, calling for closer contacts between government departments and long-term joint programs, alongside effective cooperation institutions. His agenda included further work on common digital services and investment platforms, as well as industrial links connecting production across national borders. He also urged stronger coordination in the Central Asia Plus diplomatic formats through which the region engages outside powers. Azerbaijan’s participation has widened the scope of those discussions. The five Central Asian presidents accepted Azerbaijan as a full participant in November 2025, extending the format across the Caspian. The six-country grouping, increasingly described as C6, connects Central Asian producers with a country whose ports and onward transport links provide access through the South Caucasus to European markets. At an August 12 discussion in Washington, Uzbekistan’s ambassador Furqat Sidiqov emphasized market access and called for further digitalization of the Middle Corridor. He said Uzbekistan had about 1,500 joint ventures with neighboring states, compared with close to 300 involving Central Asian countries in 2017. Turkmenistan’s ambassador, Esen Aydogdyyev, stressed simpler customs procedures and argued that his country’s permanent neutrality was compatible with deeper economic cooperation. The commercial ambition also extends to joint production. In Baku, Azerbaijan’s minister of the economy Mikayil Jabbarov urged countries to build regional value chains in sectors where their economies complement each other. “We should increasingly produce together,” he said, pointing to companies and financial institutions already operating in one another’s markets. Moving freight across the Caspian requires countries to coordinate customs procedures and transport services. The World Bank’s new Trans-Caspian corridor study identifies fragmented governance and uneven policy implementation as problems that compound infrastructure bottlenecks. It estimates that at least $25 billion is needed through 2040...

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...

Turkmenistan Expands Galkynysh Gas Field With $5.1 Billion Fourth Phase

Turkmenistan has renewed its focus on the $5.1 billion fourth phase of the Galkynysh gas field, with Gurbanguly Berdimuhamedov telling the Halk Maslahaty on September 23 that the expansion would increase gas production and boost the country’s export capacity. The CNPC-built project, launched in April, is expected to add ten billion cubic meters of commercial gas capacity a year. The fourth phase involves drilling production wells and building a commercial gas treatment facility. CNPC is also responsible for gas gathering and treatment systems, pipelines, and related infrastructure. Although CNPC is building the project, Turkmenistan is financing the expansion itself. In March, state-owned Türkmengaz was authorized to sign a turnkey design-and-construction contract with CNPC Amudarya Petroleum Company Ltd. Work on the fourth phase officially began on April 17. Galkynysh, in southeastern Turkmenistan, is one of the world’s largest gas fields and is central to Ashgabat’s plans to expand gas exports. China remains the main buyer of Turkmen gas, with supplies flowing through the Central Asia-China gas pipeline via Uzbekistan and Kazakhstan. Beijing imports around 30 billion cubic meters of Turkmen gas annually, so the planned additional capacity at Galkynysh would be roughly one-third of current annual supplies to China. Turkmenistan has not said how the additional ten billion cubic meters will be divided between domestic use and exports, or which export routes would carry any additional volumes. One potential outlet is TAPI, the planned Turkmenistan-Afghanistan-Pakistan-India pipeline, with a design capacity of 33 billion cubic meters per year. Construction of the 153-kilometer section from the Turkmen border toward Herat began in September 2024. By mid-September 2026, 122.3 kilometers of pipe had been welded and laid in Herat Province. As previously reported by The Times of Central Asia, construction of TAPI is advancing in Herat, while Turkmenistan is exploring supplying gas to the local Afghan market before the full pipeline reaches Pakistan and India. No timetable has been announced for extending the route beyond Herat.

C5+1 Meets Again in Samarkand, but Central Asia Has Changed

In mid-October, C5+1 will meet again in Samarkand, where its first ministerial was held in November 2015. The regional actor it was created to engage has, however, changed substantially. Secretary of State Marco Rubio is expected to arrive with representatives of more than 100 American companies for talks focused on regional economic connectivity, energy security, trade, private investment, and economic modernization. John Kerry convened the first C5+1 ministerial in Samarkand on November 1, 2015, after the six governments had met in New York that September and agreed to regular consultations. The initial agenda already treated security, economic connectivity, and environmental problems as fields where regional approaches could add value. The question is what purposes C5+1 serves now. C5+1 itself began with a Kazakhstani initiative. As S. Frederick Starr recently reconstructed the history, Ambassador Kairat Umarov, after consulting Astana, proposed in 2013 that Washington create a regular mechanism for engaging Central Asia collectively rather than only through five bilateral relationships. The State Department subsequently developed the proposal, and the format took institutional shape in 2015. That origin rules out any account in which regional agency appears only later. Kazakhstan helped create the mechanism through which Washington would engage the region collectively; the five states’ own capacity for regional coordination deepened substantially thereafter. The second ministerial in Washington in 2016 launched joint projects in economic connectivity, renewable energy, climate resilience, and security, while explicitly recognizing the value of regional approaches. A secretariat was established in 2022; the format reached presidential level for the first time in New York a year later. That summit also produced plans for a private-sector business platform and a Critical Minerals Dialogue, which held its inaugural meeting in February 2024. Its basic structure has remained the same: the United States engages the five Central Asian states collectively. Alongside C5+1, the five developed their own regional process, independent of any outside partner. President Shavkat Mirziyoyev proposed regular consultations among the Central Asian leaders in 2017, and their first Consultative Meeting took place in Astana in March 2018. Further meetings followed in Tashkent in 2019 and Turkmenistan in 2021 before the process moved to Cholpon-Ata in 2022. Subsequent meetings extended the process into trade, transport, energy, water, security, and cultural cooperation. The process remained intergovernmental and did not require policy uniformity among the five states. It gave them a recurring political process of their own. By 2022, the process had expanded from consultation among the five to coordination in dealing with outside partners. At the fourth Consultative Meeting in Cholpon-Ata, the leaders adopted a regional cooperation roadmap for 2022–2024, a Green Agenda, and a Concept of Interaction of the Central Asian States in Multilateral Formats. A treaty on friendship, good-neighborliness, and cooperation for the development of Central Asia in the twenty-first century was also opened for signature. President Kassym-Jomart Tokayev had proposed regular foreign-minister consultations to develop coordinated approaches to regional and international issues. He specifically connected the multilateral-formats concept to cooperation with non-regional strategic partners. The Concept of Interaction...