• KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09379 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09379 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09379 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09379 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09379 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09379 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09379 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09379 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
08 September 2024

Viewing results 1 - 6 of 22

The Onset of “Friend-Shoring” in Central Asia

As Central Asia’s significance for global supply chains grows, the world’s major economic powers are seeking closer economic ties with the region’s countries. China, Russia, and the West all curry favor through investments and initiatives to bolster the region’s exports and secure their supply chains. Bordering China and Russia, Central Asia spans a land surface area corresponding to 87% the size of the entire European Union (EU). The region has a combined market of 76 million people and gross domestic product of 450 billion U.S. dollars. It is critical to global energy supply chains as it possesses 20% of the world's uranium reserves, as well as 17.2% of total oil and 7% of natural gas deposits. Kazakhstan produces over half of the EU’s critical raw materials,  i.e. substances used in technology which are subject to supply risks and are hard to replace with substitutes. In the first seven months of 2024, rail cargo across the Middle Corridor, a trans-Caspian trade route linking China to Europe, has increased 14-fold compared to the same period last year. As the region opens up and undergoes significant economic transformation, supply chains are increasingly directed there, sparking competition for control over its vast natural resources and production capabilities. Major economic powers are stepping in to strengthen bilateral ties to ensure reliable trade partnerships. These strategies, known as “friend-shoring,” aim to reduce geopolitical risks, enhance supply chain stability, and transform Central Asian countries into trusted allies by fostering strong bilateral relationships and deeper economic ties. China and Russia remain at the helm of regional activity China has been actively engaging with Central Asian countries through strengthening economic ties and building strategic partnerships. Through the Belt and Road Initiative (BRI), which aims to enhance infrastructure and trade connectivity across the region, China has helped strengthen the region’s rail network. China supplies equipment and invests in Uzbekistan’s electric vehicles, scooters, and leather production. Uzbekistan, in partnership with PowerChina and Saudi company ACWA Power, is also constructing the country’s first green hydrogen plant. Kyrgyzstan’s bilateral trade with China was up 30% in 2023 compared to 2022. This year, Turkmenistan has surpassed Russia in gas exports to China. In 2023, Kazakhstan's agricultural exports to China doubled to $1 billion compared to 2022, making China the largest importer of agricultural products from the country. Historically, Russia has been a major trading partner for Central Asian countries due to the Soviet legacy of a command economy, which established strong economic interdependencies that persisted in post-USSR period. While the region is aggressively diversifying its trade relationships, Russia is increasing gas supplies and energy infrastructure investments, specifically in renewables and nuclear facilities. Kazakhstan delivers most of its oil to Europe through Russia. Russian-led organizations, including the Eurasian Economic Union (EAEU) and the Commonwealth of Independent States (CIS), promote cooperation and economic integration with free movement of goods, services, and capital among member states. Russia's war against Ukraine has disrupted supply chains, but it has also opened up new trade opportunities, especially for Kazakhstan, as...

Saudi Islamic Development Bank Increasing Its Presence in Central Asia

The Saudi-based Islamic Development Bank (IDB) has been particularly active in Central Asia so far in 2024. The growing IDB role is part of Central Asian region’s foreign policy shift toward the Arab world as financial backers to replace Russia, which is devoting huge attention and resources to its war in Ukraine, and China, which is increasingly reluctant to spend large sums of money in Central Asia after pouring in tens of billions of dollars there during the last 25 years. Some of the Central Asian governments owe China substantial amounts of money that they are unlikely to be able to pay for possibly decades. The Central Asian states have been members of the IDB for many years. Kyrgyzstan was first, joining in 1993, followed by Turkmenistan in 1994, Kazakhstan in 1995, Tajikistan in 1996, and Uzbekistan in 2003. One of the IDB’s three regional offices is in Almaty, Kazakhstan (the other two are in Kuala Lumpur, Malaysia and Rabat, Morocco).  The IDB has been dealing individually with the five Central Asian countries on a wide range of projects and programs in recent months. Energy Resources In February, Tajik Minister of Economic Development and Trade Zavqi Zavqizoda announced a deal was reached for the IDB to provide $250 million to Tajikistan. Zavqizoda said $150 million of that would go toward construction of the Rogun hydropower plant (HPP).  The Rogun HPP was a Soviet-era project. Construction started in 1976 but was discontinued shortly after the Soviet Union collapsed. Tajikistan restarted work on the HPP in 2008. Tajik President Emomali Rahmon has repeatedly said that building the HPP with a planned 3600 MW capacity will make the country energy independent and even allow Tajikistan to bring in extra revenue exporting electricity to neighboring countries.  In its 28 years as an IDB member, Tajikistan had received some $620 million from the IDB, so the $250 million announced in February 2024 represents a significant jump in IDB financial help. Not surprisingly, when IDB President Muhammad Al-Jasser visited Kyrgyzstan in June, Kyrgyz President Sadyr Japarov sought IDB investment in the Kambar-Ata-1 HPP, another decades-old project with a multi-billion-dollar price tag that has barely made any progress in being realized during the 33 years Kyrgyzstan has been independent. Al-Jasser did not commit to IDB financing for the Kyrgyz HPP. However, less than a week after Al-Jasser was in Kyrgyzstan, the IDB was one of several international financial organizations that signed on at a conference in Vienna to be a members of a coordination donors’ committee for the Kambar-Ata-1 projects. At a meeting in Istanbul in February, the IDB reaffirmed its support for the Central Asia-South Asia-1000 (CASA-1000) project that aims to export electricity from HPPs in Kyrgyzstan and Tajikistan to Afghanistan and Pakistan. Kyrgyz Energy Minister Taalaybek Ibrayev met with Al-Jasser in June during the latter’s visit to Kyrgyzstan to discuss funding for Kyrgyzstan’s section of CASA-1000. Not Only Energy In June, the IDB pledged up to $2 billion in funding for improvements to water management...

Facing Pressures, Koytendag Nature Refuge in Turkmenistan Aims for UNESCO Status

Limestone canyons and grassy plateaus. Vultures, lynx and  markhor, a wild goat known for its corkscrew-style horns. Pistachio trees and juniper forests. The fossilized footprints of dinosaurs and a cave that runs three kilometers into the ground.  The Koytendag State Nature Reserve and surrounding areas in eastern Turkmenistan are a stunning refuge of biodiversity next to Uzbekistan and near Afghanistan. The ecosystem includes river valley plains as well as Ayrybaba, Turkmenistan’s highest mountain at 3,137 meters. Some 50,000 people live in the area. Conservationists are assessing whether the region, which faces pressures such as agricultural encroachment, illegal hunting and unregulated tourism, can become a UNESCO natural world heritage site. [caption id="attachment_20918" align="aligncenter" width="551"] Researchers at the mouth of Koytendag’s Kaptarkhana cave (Image: CLLC)[/caption] There are efforts to reframe the bid for UNESCO status as a “transnational nomination” that pairs Koytendag with Uzbekistan’s adjoining Surkhan State Nature Reserve and could reduce barriers to the movement of wildlife between the two areas. The Koytendag reserve encompasses about 27,000 hectares and the total area of the proposed heritage space in Turkmenistan is 122,000 hectares, according to UNESCO. The U.N. agency says Koytendag is somewhat similar to other mountainous reserves in Central Asia - Chatkal in Uzbekistan, Aksu-Dzhabagly in Kazakhstan and Sary-Chelek in Kyrgyzstan – “but unlike them has a number of highly distinctive geological features.” Turkmenistan’s “system of protected areas,” which includes mountain, desert and marine ecosystems, covers 4.38% of the country, or just over 2,150,000 hectares, the Ministry of Environmental Protection said. Turkmen officials have been working with international conservation groups to protect and restore biodiversity. Conservation X Labs, or CXL, has outfitted some Turkmen rangers with new field uniforms, including those at Koytendag reserve, according to Tatjana Rosen, director of Central Asia Programs for the U.S.-based group.  [caption id="attachment_20920" align="aligncenter" width="533"] Panoramic view of the Koytendag reserve (Image: CLLC)[/caption] Rosen also said CXL and another group, the Center for Large Landscape Conservation, hired an international expert in SMART conservation technology and bought rugged Blackview phones where the SMART software is downloaded. Koytendag rangers have the devices and can use the technology to collect, analyze and report data from the field. Integrating the technology at the national level is ongoing.     Another international donor active at Koytendag is the Critical Ecosystem Partnership Fund, which has funded the conservation of pistachio orchards, the improvement of water supply, the education of local communities about the environment and other projects.   Last year, national and international conservationists conducted a weeklong field mission in Koytendag, surveying flora and fauna and also talking to local communities. At one point, the team chatted with shepherds tending their flocks about sustainable use of pastures and other employment options.    “Overall, it was noted that jobs are scarce in the villages and the demand for shepherding continues to increase,” the Center for Large Landscape Conservation said in a report on the trip.  A meeting of conservationists followed soon after in Ashgabat, Turkmenistan’s capital.  Speleologists have been interested in Koytendag's elaborate cave...

U.S. Program Promotes Women Entrepreneurship in Turkmenistan

On June 8, participants in the first Academy for Women Entrepreneurs (AWE) program in Turkmenistan submitted their business proposals to a panel of experts in Ashgabat. The event marked the conclusion of the AWE program launched by the U.S. Embassy in Turkmenistan in partnership with the Union of Economists of Turkmenistan in March this year. As reported by the U.S. Embassy, the ‘graduation’ ceremony was the culmination of three months’ work, consisting of an online business course developed by Arizona State University’s Thunderbird School of Global Management, weekly face-to-face sessions, and the development of a business plan. AWE is a U.S. State Department program that provides women entrepreneurs with the knowledge, networks and access required to start and grow successful businesses. The first 50 Turkmen graduates of the program now join a global community of over 25,000 AWE alumnae. Opening the event, U.S. Chargé d’Affaires Vaida Vidugiris said: “We are so pleased that this year, Turkmenistan joined more than 100 participating countries of AWE. I am especially proud that this program took place not only in Ashgabat, but also in Dashoguz, Mary, and Turkmenabat where we have our American Corners. It underscores our belief in the untapped potential of women entrepreneurs who, with the right support and resources, can transform economies, uplift communities, and inspire future generations.”    

One Dead and Six Missing in Turkmenistan Mudslides

One soldier has been killed and six are missing during mudslides caused by recent heavy rains in Turkmenistan. It is being reported that the man died at the Serakhs border outpost in Akhal province. "On May 17, around 17:00 hours, seven soldiers from the 16-border outpost of the Border Troops connection in Serakhs [on the border with Iran] went missing. The body of one of them was found May 18. The searches for the other six soldiers continue," an anonymous source commented. "The search work is being carried out by the border troops' forces of the adjacent territories," the source said. Special means, such as drones or helicopters, are not involved in the search operations. The source adds that on the day of the incident, the soldiers were sent to repair the automobile roads next to the military unit, which were washed away by mud-flows. The Turkmen government is trying to stop information about the incident from being published, and "it is dangerous to ask and inquire about the details". But in conversations among themselves, servicemen are discussing that "sending soldiers in such weather to this area was a wrong decision and the cause of the accident was the negligence of the commanders and management of the border guard unit." "It was not possible to get comments on the disappearance of several soldiers and the death of at least one of them from the Turkmen authorities, including the aforementioned military unit," the source notes. For almost ten days, Turkmenistan’s capital Ashgabat has been flooded with rain, in what local meteorologists think have been the worst downpours since the 1970s. The rain has caused significant damage to the city’s infrastructure. The Akhal province has also been badly affected, with agricultural land flooded. Mud-flows hit the cities of Anev and Kahka, and in many areas electricity and part of the rail network were shut down. However, there have been no reports in Turkmen media about the rains and the damage they are causing.

Turkmenistan Bans People From Talking About the Weather

For almost ten days Turkmenistan's capital Ashgabat has been flooded with rain, in what local meteorologists think have been the worst downpours since the 1970s. The rain has caused significant damage to the city's infrastructure. The Akhal province has also been badly affected, with agricultural land flooded. Mudflows hit the cities of Anev and Kahka, and in many areas electricity and part of the rail network were shut down. However, there have been no reports in Turkmen media about the rains and the damage they are causing. Turkmenistan's law enforcement agencies have taken unprecedented measures to prevent photos and videos of the downpours from appearing on social networks. According to Radio Azatlyk, internet speed has slowed down, working VPNs are blocked, and IMO messenger has almost stopped working. A Turkmenabad police officer, who spoke on condition of anonymity, said of the order from above: "We have been ordered to prevent the leakage of defamatory photos and videos abroad. It was explained to us that if defamatory information gets into the hands of the West or the U.S. State Department, this information can be used to destabilize the domestic situation." The situation is the same in Ashgabat. Security services are identifying and taking to police stations citizens who have shared photos and videos on social media of the rains, and the damage caused by the rains in Ashgabat and the provinces. "In Ashgabat, cars could not move along the streets, people were swept away by the water pressure, and some of them were badly hurt. In the suburbs, houses and farms were flooded, farmers may be left without any income. There are many casualties, but there are no fatalities among the residents. Now the situation is gradually normalizing, and the authorities are eliminating the consequences of the flooding," one Ashgabat resident told The Times of Central Asia.