Uzbekistan Environment - The Times Of Central Asia

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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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ADB Launches ‘Glaciers to Farms’ Initiative to Combat Climate Change in Central Asia

The Asian Development Bank (ADB) has unveiled a new regional initiative, Glaciers to Farms, aimed at promoting sustainable water management and food security in Central Asia, the South Caucasus, and Pakistan. The program addresses the severe effects of accelerated glacial melt caused by climate change. Backed by the Green Climate Fund (GCF), ADB will conduct risk assessments of glacial melt in Azerbaijan, Kyrgyzstan, Tajikistan, and Uzbekistan to establish a scientific and technical foundation for the program. Regional Cooperation for Glacier Preservation On November 14 in Baku, Azerbaijan, a declaration of support for glacier preservation was signed by several regional leaders: Azerbaijan’s Minister of Ecology and Natural Resources Mukhtar Babayev, Kazakhstan’s Minister of Ecology and Natural Resources Yerlan Nyssanbayev, Kyrgyzstan’s Minister of Natural Resources, Ecology and Technical Supervision Meder Mashiev, Tajikistan’s Committee on Environmental Protection Chairman Bahodur Sheralizoda, and Uzbekistan’s Minister of Ecology, Environmental Protection, and Climate Change Aziz Abdukhakimov. They were joined by ADB President Masatsugu Asakawa and GCF Chief Investment Officer Henry Gonzalez. “As melting glaciers change water flows, disrupt lives, and destroy ecosystems, we must act now,” said Asakawa. “As Asia and the Pacific’s climate bank, we are pleased to be joined by key partners to launch this program to drive international collaboration and deliver results where they matter most—on the ground, in communities at risk.” The Urgent Need for Action Temperatures in the region are expected to rise by up to 6 degrees Celsius by 2100. The resulting loss of glacial mass poses a dire threat to ecosystems, jeopardizing water supplies for agriculture and hydropower and endangering the livelihoods of over 380 million people. The Glaciers to Farms program aims to mobilize up to $3.5 billion in funding from ADB, GCF, governments, development partners, and the private sector. Beyond investments in water and agriculture, the program will prioritize vulnerable communities in fragile mountain regions that are most threatened by glacial melt. Global and Regional Efforts The United Nations General Assembly has declared 2025 the International Year of Glacier Preservation, with Tajikistan set to host the International Conference on Glaciers’ Preservation in Dushanbe next year. At a high-level event in Baku on November 12, Tajikistan's President Emomali Rahmon underscored the importance of preventing further glacier melt and preserving fragile ecosystems. Rahmon highlighted the establishment of the International Trust Fund for the Preservation of Glaciers under the United Nations’ auspices and noted the UN’s recent adoption of a resolution—initiated by Tajikistan and France—declaring 2025-2034 the Decade of Action for Cryospheric Sciences. This resolution calls for enhanced efforts to safeguard glaciers globally. Rahmon also proposed creating a Regional Coordination Center for Glaciology in Dushanbe under the World Meteorological Organization’s guidance. The center would study the impact of climate change on glaciers in collaboration with development partners.

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Uzbekistan and Germany Partner on Green Industrialization with €3 Million Grant

On November 13, at the 29th UN Climate Change Conference (COP29) in Azerbaijan's capital Baku, Uzbekistan's Ministry of Economy and Finance signed a memorandum with the German International Cooperation Society (GIZ) to secure additional funding for a project aimed at supporting the private sector in green industrialization. As part of the initiative, Germany has allocated €9 million to help Uzbekistan’s private sector transition to a green economy. The project is designed to assist the Uzbek government in implementing economic reforms and fostering sustainable economic development, focusing on enhancing the capacity of both the public and private sectors to adopt green industrialization practices. The initiative will also provide technical expertise in measuring and certifying greenhouse gas emissions, supporting Uzbekistan’s participation in international carbon trading mechanisms, and aligning with the European Union’s Cross-Border Adjustment Mechanism (CBAM). Additionally, it aims to promote resource-saving and sustainable production by encouraging the private sector to adopt green technologies, including circular economy practices and green industrial park models. To further bolster the project, a €3 million grant was approved during the conference. This funding will complement the ongoing initiative, titled “Support to the Private Sector and Advice on Economic Policy in Uzbekistan.”

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Kazakhstan, Uzbekistan, and Azerbaijan Forge Green Energy Partnership

On November 13, on the sidelines of the COP29 summit in Baku, Azerbaijan, Kassym-Jomart Tokayev, Shavkat Mirziyoyev and Ilham Aliyev, the leaders of Kazakhstan, Uzbekistan and Azerbaijan, signed an agreement for a strategic partnership in developing and transporting green energy. Calling the signing of this agreement a historic event, Aliyev said that “it opens new opportunities for cooperation between the regions of Central Asia and the Caucasus. In fact, the integration processes, the processes related to transportation, energy, and trade between the regions of Central Asia and the Caucasus, allow us to say that these two regions are acting in a synchronized manner in many areas, including in the field of green energy development.”. The Azeri president added that constructing an electric cable under the Caspian Sea could lead to broader regional collaboration. Aliyev also highlighted Azerbaijan's ongoing plans to construct a cable from Azerbaijan along the bottom of the Black Sea to Europe. “The feasibility study for this project is nearing completion, so we will connect Central Asia, the Caucasus, Europe, the Caspian, and the Black Seas with a single energy corridor,” he stated. In his speech, Tokayev said the trilateral agreement opens new opportunities for integrating the energy systems of Kazakhstan, Uzbekistan, and Azerbaijan, as well as for creating reliable corridors to supply environmentally friendly energy to European and other markets. “Kazakhstan plays an extremely important role here as a large transit territory. The practical results of this Agreement will also contribute to developing the Middle Corridor as a ‘green bridge’ connecting our economies. Close cooperation in this key area will intensify the exchange of experience and advanced technologies between the three states and further strengthen our energy security,” Tokayev said. Mirziyoyev emphasized the environmental significance of this agreement, noting, “The energy that will be transmitted is wind and solar energy, which will help mitigate the impact on the climate. In this way, we support joint efforts to protect the climate within the framework of the Paris Agreement and achieve the Sustainable Development Goals,” he added. The three presidents also witnessed the signing of an Executive Program on cooperation in green energy development and transmission by the energy ministers of Azerbaijan, Kazakhstan, Uzbekistan, and Saudi Arabia.

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Kazakhstan Secures Agreement for 11 Billion Cubic Meters of Water from Neighboring Countries by April 2025

Kazakhstan will receive approximately 11 billion cubic meters of irrigation water from the Syr Darya River by April 2025, following an agreement made by Nurzhan Nurzhigitov, Kazakhstan’s Minister of Water Resources and Irrigation, with representatives from neighboring Central Asian countries. The accord was reached at the 87th meeting of the Interstate Coordination Water Management Commission held last week in Ashgabat, Turkmenistan, and attended by water ministry leaders from Tajikistan, Turkmenistan, and Uzbekistan, with Kyrgyzstan as an observer. This substantial water supply is expected to fill the Shardara reservoir in southern Kazakhstan by April 1, 2025, providing enough water for the region's 2025 irrigation season. Given Kazakhstan’s reliance on irrigation for agriculture, particularly in the arid south, the flow from upstream countries like Tajikistan, Kyrgyzstan, and Uzbekistan is vital. Nurzhigitov noted, "This year, thanks to negotiations and joint actions, we ensured the effective water distribution in the Syrdarya River basin. Agreements on water and energy cooperation with Kyrgyzstan were implemented, and measures were taken to coordinate the operating mode of the Bakhri-Tojik reservoir [in Tajikistan] during this year’s irrigation season.”

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Central Asian Leaders Arrive in Azerbaijan for UN COP29 Climate Summit

The 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) opened in Azerbaijan's capital Baku on November 11, drawing approximately 50,000 participants, including government representatives, politicians, investors, and environmentalists from 198 countries. Kazakh President Kassym-Jomart Tokayev attended the Summit, where he was welcomed by Azerbaijani President Ilham Aliyev and UN Secretary-General António Guterres. Tokayev will open the plenary session and hold talks with various heads of state, as well as representatives of international organizations and businesses. Kyrgyz President Sadyr Japarov has also arrived at the conference and is scheduled to address the opening session on November 12. He will participate in the special session “High-Level Dialogue: Advancing the Mountain Agenda and Mainstreaming Mountains and Climate Change,” organized by Kyrgyzstan with the support of Azerbaijan and Mongolia. This discussion will also feature Mongolian President Ukhnaagiin Khurelsukh, Nepali President Ram Chandra Poudel, and representatives of international organizations. Russia is represented at the summit by its Prime Minister Mikhail Mishustin. Additionally, representatives of the Taliban, which the UN does not recognize as the legitimate government of Afghanistan, have been included in the delegation for the first time. Armenia, however, has not yet confirmed its participation due to ongoing territorial disputes with Azerbaijan. The Summit is being held at the Baku Olympic Stadium, with sessions set to conclude on November 22. COP29 has been termed a “finance summit” due to its primary focus on financing developing nations in the fight against climate change. Delegates are also working to establish a framework to improve national emissions reduction programs.