• KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00223
  • TJS/USD = 0.10800
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
20 September 2026

Viewing results 19 - 24 of 861

SCO Summit Delivers Institutional Reform but Leaves Development Bank Unsettled

Leaders of the Shanghai Cooperation Organization adopted amendments to the bloc's Charter and approved regulations for two security bodies in Bishkek on September 1, but stopped short of launching the proposed SCO Development Bank. The official outcome list contains 28 documents. They include the Bishkek Declaration marking the SCO's 25th anniversary, a statement on assistance to countries affected by emergencies, and measures covering transport, digital policy, energy, and climate cooperation. For Kyrgyzstan, which used its fourth chairmanship to press for new financial and emergency response mechanisms, the results were mixed. The emergency statement gave political backing to a Kyrgyz initiative, while the bank remained under negotiation. Kazakhstan then made a competing offer to host its headquarters. An institutional package The member states signed a protocol amending the 2002 SCO Charter and approved regulations for the Universal Center for Countering Security Challenges and Threats. They also approved rules for the executive committee of the SCO Anti-Drug Center. The package included programs against drug addiction and synthetic narcotics through 2030, as well as amendments to the 2010 agreement on cooperation against crime. The decisions continue an institutional reorganization begun at the 2025 Tianjin summit. That meeting approved agreements establishing the Anti-Drug Center in Dushanbe and a Universal Center based on the SCO's existing regional counterterrorism structure in Tashkent. President Sadyr Japarov said the organization should remain free of bloc politics and confrontation. He called for the rapid launch of the Universal Center and said Bishkek had prepared the conditions for an SCO center against transnational organized crime. Opening the meeting, he said the anniversary should become the start of a new phase for the organization. Bank progress, but no launch The Bishkek Declaration records progress toward creating an SCO Development Bank among interested member states during Kyrgyzstan's chairmanship, though the wording is qualified. The summit did not produce a founding agreement, capital commitment, or a launch date. Japarov urged members to reach a practical decision on the bank and invited them to use Kyrgyzstan's Tamchy Special Financial Investment Territory for joint projects. Kyrgyzstan had already proposed Bishkek as the bank's headquarters. However, Kazakh President Kassym-Jomart Tokayev used his summit address to make a rival offer. Kazakhstan supports directing the proposed bank's resources toward infrastructure, technology, and industry, he said. "If there is consensus among the member states, Kazakhstan could host this institution, its headquarters," Tokayev said in the official transcript. The two bids underline how much remains unresolved. Members reached political consensus to establish the bank in Tianjin last year, but its membership, governance, capital, and location are still being negotiated. Kyrgyz emergency initiative advances The heads of state adopted a separate statement on assistance to countries affected by emergencies. Kyrgyzstan had spent its chairmanship promoting an SCO assistance mechanism and, in May, sought support for a special account to finance emergency aid after major natural disasters. The statement's adoption is a clear political success for Bishkek. Its published title does not establish whether members accepted the proposed special account or how...

World Nomad Games Return Home as Kyrgyzstan Welcomes World Leaders

Few periods since independence have put Kyrgyzstan so squarely in the international spotlight. On August 31, the country marked 35 years of independence, opened the sixth World Nomad Games, and prepared to host a Shanghai Cooperation Organization summit that has brought more than a dozen foreign leaders to Bishkek. The Games themselves were back where they began. Kyrgyzstan launched the World Nomad Games in 2014 and staged the first three editions at Cholpon Ata before the event moved to Turkey in 2022 and Kazakhstan in 2024. This year's Games run through September 6, with The Times of Central Asia reporting from Bishkek and Issyk-Kul throughout the week in our special coverage. The opening took place at the new Bishkek Arena, rising out of the dust on the southwestern edge of the capital near the foothills of the Kyrgyz Ala-Too Range. Around 30,000 spectators attended the ceremony. The stadium will eventually hold more than 51,000, but it is not formally due to open until October 5. The Games opened while work on the arena was still underway, with parts of the building still looking unfinished. In the weeks before the ceremony, horses had circled the arena floor during rehearsals while drilling continued around them. By the time the spectators arrived, the construction site had become the biggest show in town. Before the politics and pageantry, there was pop. Kyrgyzstan put many of its best-known performers on stage in a concert that at times had a distinctly Eurovision feel. Energetic hosts introduced a succession of singers and rappers while tightly choreographed dancers moved between traditional dress and contemporary styling. The lineup included Bayastan, Malika Dina, Erlan Andashev, Begish, and others, but veteran singer Baktiyar Toktorov received the loudest reaction. When he launched into "Yza," known almost universally by its "Bui-Bui" refrain, spectators rose from their seats and sang with him. Even some of the security guards joined in. The refrain does not demand many words, but almost everybody in the arena seemed to know them. The new stadium also showed some early teething problems, with concession stands running out of bottled water and food as crowds built. After the concert, the momentum disappeared. The audience waited for around 90 minutes while footage of arriving dignitaries played on the giant screens. The reason for the pause soon became clear, as one motorcade after another delivered guests for the formal ceremony. Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Turkish President Recep Tayyip Erdogan, Iranian President Masoud Pezeshkian, and Belarusian President Alexander Lukashenko were among those in the stands. The presidents of Kazakhstan, Tajikistan, and Uzbekistan also attended, along with leaders and senior officials from elsewhere in Asia, the Caucasus, and Africa. UN Secretary-General Antonio Guterres was among the international guests. One expected heavyweight was missing. Chinese President Xi Jinping, in Bishkek for a state visit and the SCO summit, had been due to attend the opening. Presidential spokesman Askat Alagozov said Xi had stayed away because of the deadly flooding and landslides in...

Kyrgyzstan Hosts SCO Summit as Bloc Marks 25 Years

Leaders of the Shanghai Cooperation Organization's ten member states are due in Bishkek on September 1 for the final summit of Kyrgyzstan's 2025-2026 chairmanship. The meeting is expected to produce a Bishkek Declaration marking the SCO's 25th anniversary, alongside thematic statements and other decisions. For Kyrgyzstan, the gathering is more than a turn in the organization's rotating chairmanship. As many as 21 heads of state are expected in the country during the week, according to presidential spokesman Askat Alagozov. The summit coincides with Kyrgyzstan's Independence Day and the August 31 opening of the World Nomad Games. The member-state session will bring together Belarus, China, India, Iran, Kazakhstan, Pakistan, Russia, Tajikistan, and Uzbekistan, with President Sadyr Japarov as host. Chinese President Xi Jinping will also make a state visit, giving the summit a substantial bilateral program alongside the formal meetings. Kyrgyzstan's Diplomatic Week The summit comes less than three months after Kyrgyzstan was elected to the UN Security Council for 2027-2028, its first term on the body. Hosting the SCO gives Japarov an opportunity to reinforce that diplomatic profile before the Security Council term begins in January. The SCO's foreign ministers reiterated in July that Central Asia is the organization's core and backed a larger role for it in the region's security and economic development. Their statement also praised Kyrgyzstan's chairmanship and confirmed that the Council of Heads of State and SCO Plus meetings would take place in Bishkek on August 31 and September 1. What Cholpon Ata Already Settled At their July 24 meeting in Cholpon Ata, SCO foreign ministers approved the draft declaration and accompanying documents as a basis for the summit. The language is therefore largely negotiated before the leaders arrive, although the final package can still change. The ministerial statement gives a clearer indication of the political agenda, supporting a multipolar world order and rejecting unilateral sanctions. It also calls for more intra-SCO trade. Terrorism, separatism, extremism, drug trafficking, and transnational organized crime remain its stated security priorities. The statement says the SCO is entering a period of institutional reform, including changes to its legal framework and cooperation procedures. A Development Bank Still Taking Shape Economic cooperation will occupy a significant part of the summit. In Tianjin last year, interested member states reached political consensus to establish an SCO Development Bank. The institution is not yet operational. At the fourth consultation meeting in Shenzhen in June, delegates discussed its key elements and the next stage of negotiations. A timetable or capital commitments announced in Bishkek would move the proposal beyond its current design stage. The bank could eventually provide another source of finance for infrastructure, but its structure and membership remain unsettled. Currency diversification will also remain part of the discussion. The 2024 Astana Declaration called for gradual growth in the use of national currencies for settlements among interested members. Sanctions on Russia and Iran have increased the political importance of that effort, although the SCO has not created a common payment system. SCO Plus, but Not...

Xi Jinping Heads to Bishkek as Kyrgyzstan Prepares to Host 21 Heads of State

Chinese President Xi Jinping will attend the Shanghai Cooperation Organization summit in Bishkek and make a state visit to Kyrgyzstan, Beijing has confirmed. The trip, which also includes a state visit to Egypt, will run from August 30 to September 3. The formal meeting of the SCO Council of Heads of State is scheduled for September 1. As many as 21 heads of state are expected in Kyrgyzstan during the week, according to presidential spokesman Askat Alagozov. Xi had long been expected to be among the leaders traveling to the Kyrgyz capital, but the formal confirmation turns attention from the guest list to the business that may be conducted around the main session. For Kyrgyzstan, the most consequential part of the visit may come in Xi's talks with President Sadyr Japarov rather than in the summit hall. The Times of Central Asia will be reporting from Bishkek as the delegations arrive, and from the opening ceremony of the World Nomad Games on August 31. Several visiting heads of state are expected to attend the ceremony, which will bring summit diplomacy and Kyrgyzstan’s biggest cultural showcase together on the eve of the SCO meeting. Kazakhstan’s President Kassym-Jomart Tokayev has already confirmed that he will be there. The spectacle will be considerable, but the substance is likely to emerge in the bilateral meetings, signed agreements, and final documents released around the September 1 summit. The State Visit and the Railway The state visit format gives Xi and Japarov a bilateral program alongside the summit. The most prominent economic issue is likely to be the China-Kyrgyzstan-Uzbekistan railway, a project discussed for decades that is now under construction across some of Kyrgyzstan's most difficult terrain. The Kyrgyz authorities put the railway’s construction cost at about $4.7 billion. China holds 51% of China-Kyrgyzstan-Uzbekistan Railway Company LLC, while Kyrgyzstan and Uzbekistan each hold 24.5%. Roughly half of the cost is being financed through a 35-year Chinese loan to the company. The summit could bring clearer evidence of how quickly construction is progressing. Any new financing, contracts, or cross-border arrangements would be more significant than another general statement of political support. The railway also places Kyrgyzstan inside a larger shift in regional trade. Commerce between China and the five Central Asian states passed $100 billion in 2025. Bishkek wants a larger share of that traffic and more of the value created along transit routes. Xi's visit offers Japarov an opportunity to press the case for logistics hubs, local employment and supporting roads rather than transit alone. The Documents Behind the Ceremony The SCO's national coordinators have been finalizing the outcome documents in the weeks leading up to the summit. Under Kyrgyzstan’s chairmanship, the SCO has emphasized regional stability and economic cooperation, alongside digital transformation, cyber threats, environmental policy, and cultural exchange. SCO decisions require consensus, which tends to soften disagreements in final communiqués. Any agreements that specify funding, deadlines, or responsibility would give the Bishkek package more weight. Bilateral Meetings Around the Summit The summit will bring...

Can Uzbekistan’s Green Transition Offset Its Gas Decline?

Uzbekistan faces a widening energy gap. Natural gas production peaked in 2008 and, after a partial recovery in the late 2010s, has fallen sharply. Official figures show output dropped from 61.6 billion cubic meters (bcm) in 2018 to 41.5 bcm in 2024. Production fell another 15% year on year in the first quarter of 2026. The gap is already being filled from abroad. Russian gas deliveries rose 15% in 2025 to nearly 6.5 bcm, while Uzbekistan also imports gas from Turkmenistan. Renewable electricity cannot replace every household or industrial use of gas. It can reduce the volume burned in power stations, leaving more domestic fuel available elsewhere. Declining output is already changing Uzbekistan’s external position. The country, once a net gas exporter, became a net importer in 2023. Imports help protect households and factories from shortages, but they add costs and increase exposure to Russian and Turkmen supplies. Renewable generation therefore serves an energy security purpose even before its climate benefits are counted. Natural gas remains the central concern. In its 2022 review, the International Energy Agency said it provided about 85% of Uzbekistan’s total energy and electricity supplies. The government expected gas demand to rise by 30% to 65 bcm by 2030, while electricity demand would roughly double. The IEA also warned that reserves would last fewer than 20 years at the production rate then prevailing. This was a reserve-to-production estimate, not a fixed depletion date. New discoveries or investment could extend it. Lower consumption would do the same. The government has responded with a rapid renewable buildout. In 2025, solar and wind plants generated more than 10.5 billion kWh of electricity. Renewable generation, including hydropower, reached 16.8 billion kWh. The Ministry of Energy said this saved about 3.2 bcm of natural gas. That saving was equivalent to roughly half the volume Russia supplied during the year. It shows that renewables already ease the shortage. Yet 3.2 bcm remains far below the roughly 20 bcm fall in annual gas production since 2018. On current figures, the green transition is slowing the impact of the decline, not yet offsetting it. The buildout forms part of Uzbekistan’s 2019 Green Economy Transition Strategy. Renewable projects bring foreign investment and create opportunities for domestic suppliers. In December 2025, President Shavkat Mirziyoyev said local companies had supplied $700 million of materials and electrical equipment while also providing services to energy projects. Renewable generation also limits import demand by reducing the gas burned in power stations. Large projects depend heavily on decisions by the state. Procurement and land allocation affect who receives contracts. Grid access and investment approvals shape how quickly plants are completed. RFE/RL has documented concerns over opaque subcontracting in Uzbekistan’s solar sector. Its 2024 investigation found that two subcontractors on the Sherabad project were absent from publicly available documents. One company had been incorporated only two days after construction began. A founder denied accusations of corruption, while principal contractor Masdar did not respond to questions. The investigation did not establish that the...

Aral Sea Restoration Could Prevent 605 Million Tons of CO2 Emissions

The drying of the Aral Sea has created another environmental problem: according to a study, exposed lakebed sediments released about 748 million tons of CO2 into the atmosphere between 1960 and 2022. Organic carbon remains stored in the sediments, and restoring part of the water cover could prevent the release of another 605 million tons of CO2. This gives efforts to restore the Aral Sea region a new climate dimension. The study, conducted by an international team of researchers led by scientists from Spain’s Centre for Advanced Studies of Blanes (CEAB-CSIC), was published in Science on July 16. The findings add another consideration to restoration efforts already underway across the region, from refilling part of the sea in Kazakhstan to planting saxaul and rehabilitating degraded land in Uzbekistan. The Aral Sea’s Carbon Legacy When the Aral Sea was still a fully-fledged body of water, plants and algae absorbed carbon dioxide, while some organic matter settled on the lakebed. As the water retreated, those sediments were exposed to the air, organic matter began to decompose, and the stored carbon started returning to the atmosphere as CO2. At the same time, winds carry salt and dust from the newly formed Aralkum Desert, spreading the consequences of the sea’s disappearance far beyond its former shoreline. In 2022, researchers conducted an expedition to the dried Aral Sea bed, collecting sediment samples and measuring how much CO2 was being released. Combined with satellite data, this allowed them to estimate carbon losses as the sea retreated. According to the researchers’ calculations, exposed sediments lost about 204 million tons of carbon between 1960 and 2022, equivalent to roughly 748 million tons of CO2. New vegetation growing on the dried lakebed has offset less than 1% of those emissions. A significant amount of organic carbon remains in the sediments. The researchers estimate that restoring water cover could prevent the release of another 605 million tons of CO2. The authors also considered the economics of such an effort. Using 2024 voluntary carbon market prices for land-use and forestry projects as a benchmark, they estimate that the avoided emissions could potentially be worth $3.6 billion to $18 billion in carbon credits. That money could theoretically become one source of funding for ecosystem restoration. Researchers estimate that about $9.7 billion in water-management improvements could increase inflows enough to restore roughly half of the area covered by the Aral Sea in 1960, while potentially generating about 323 million tons of CO2-equivalent carbon credits. Restoring the Entire Aral Sea Is No Longer the Goal Under current conditions, fully restoring the sea is widely considered unrealistic. The central issue is water. The Amu Darya and Syr Darya flow through several Central Asian countries. Significantly increasing the amount of water reaching the Aral Sea would be impossible without basin-wide agreements, irrigation modernization, and reductions in water losses. This is why restoration of the Aral Sea remains a regional issue rather than solely an Uzbek or Kazakh one. Central Asian countries coordinate part of this work...