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It is being reported that Tajikistan delivered more than $82.3 million worth of electricity to neighboring countries from January to August of this year. The export of electricity is $2.8 million (3.3%) less than in the same period of 2023. During this period, Tajikistan's electricity production amounted to about 15.4 billion kilowatt-hours, of which about 1 billion kilowatt-hours (6.5% of the total production) were exported. More than 80% of electricity exports go to Afghanistan, and the remaining 20% to Uzbekistan. Tajikistan signed an agreement on the export of electricity for 2024 with these two countries. Electricity exports to Uzbekistan are carried out only in the summer, and supplies to Afghanistan will continue in the autumn-winter season, but in small volumes — “exclusively for the preservation of infrastructure.” For information, a memorandum of understanding has been signed between Tajikistan and Kazakhstan, providing electricity supply produced by the Rogun hydropower plant until 2032. Agreements on the supply of electricity to Kazakhstan and Uzbekistan are one condition for external financing of the Rogun project. The Times of Central Asia has reported that when the Rogun hydropower plant in Tajikistan reaches full capacity, about 70% of the electricity produced will be exported to other Central Asian countries.
The United States Agency for International Development (USAID) has provided an additional $6.1 million in funding under an ongoing Development Goals Grant Agreement (DOAG) with the Department of Early Childhood Education. The total volume of investments in DOAG nw exceeds $47 million, the US Embassy in Tashkent has reported. The embassy added that the new funding strengthens programs that help develop basic skills in elementary school students, and gives students in grades 8-11 the entrepreneurial and economic skills they need to get jobs and participate in the economy of the future. “Investing in education is an investment in a brighter future for everyone. By providing quality education, we empower individuals with the skills and knowledge they need and pave the way for a more prosperous, equitable, and stable society,” explains David Hoffman, USAID Mission Director in Uzbekistan. “Every dollar spent on education is a step toward building a better tomorrow for all,” he added. The five-year DOAG contract was signed in 2019. USAID’s investments in Uzbekistan’s education sector aim to improve reading and math skills in primary grades, English fluency, information and communication technology development, and employability skills. Also, in March, USAID announced the investment of $17.7 million in a five-year project to support business in Uzbekistan. This investment will increase competitiveness in the fields of information and communication technologies (ICT), tourism, textiles, and green economy. Another USAID initiative is to support clean energy goals in Uzbekistan. As part of the initiative, the “Strategy for the Development of Renewable and Hydrogen Energy” of Uzbekistan plans to increase the production of renewable energy (solar, wind, and hydropower) by 25% by 2030 and achieve carbon neutrality by 2050.
The Asian Development Bank (ADB) will provide the government of Uzbekistan with $300 million to support unbanked or underbanked micro-enterprises. The funds will aim to improve access to finance for micro and small businesses, primarily focusing on supporting women entrepreneurs, which ADB Director General for Central and West Asia, Eugene Zhukov, says will be an essential step towards the country's economic development and job creation. Kanokpan Lao-Araya, Director of ADB's Resident Mission in Uzbekistan, said the loan will help improve the quality of life of entrepreneurs and provide them with new financial opportunities. State-owned commercial banks primarily control Uzbekistan's financial sector, and microfinance organizations occupy only 0.5% of the system. According to Global Findex data for 2021, only 44% of Uzbekistan's adult population has accounts with formal financial institutions, well below the Central Asian average of 58%. The lack of commercial microfinance has led to a severe credit gap, especially among small businesses. Support from the ADB aims to close this gap and develop an inclusive financial system to contribute to the country's sustainable economic growth. The Asian Development Bank was founded in 1966 and has 68 member countries. Uzbekistan joined the ADB in 1995, since which time the bank has provided the country with loans, grants, and technical assistance worth $12.5 billion.
Uzbekistan’s Ministry of Transport has announced that Pakistan has officially joined the memorandum of understanding on establishing and developing the international transport corridor "Belarus–Russia–Kazakhstan–Uzbekistan–Afghanistan–Pakistan–Indian Ocean." The Pakistani Ministry of Communications signed this memorandum on September 18. The process of creating this multimodal transport corridor began in August 2022, at a meeting between the Uzbek government and the Eurasian Economic Commission – the governing body of the Russian-led Eurasian Economic Union that also includes Armenia, Belarus, Kazakhstan, and Kyrgyzstan. In November 2023, the transport ministries of Russia, Kazakhstan, and Uzbekistan signed a memorandum of understanding, launching the project's active phase of work. The group's first meeting on developing the proposed multimodal transport corridor was held in April 2024 in Termez, Uzbekistan. During that meeting, Belarus joined the memorandum, while Afghanistan and Pakistan announced the beginning of internal procedures for joining the project. At that meeting, a roadmap was signed, including specific plans for the development of cargo transportation, analysis of cargo flows, introduction of electronic digital documents, and optimization of customs procedures. The participating countries expect that the new corridor will become an important link in Eurasia's transport system, providing convenient and efficient routes for the transit of goods and strengthening economic cooperation.
Uzbekistan will head the Interstate Space Council of CIS countries for 2024-2025, and Shukhrat Kadirov, Director of the Uzbekcosmos agency, was unanimously elected as the council chairman. This decision was made at the Fifth Council meeting, which was held in Tashkent. According to CIS rules, the council's chairmanship is passed alphabetically between the participating countries; Tajikistan held the previous chairmanship. Kadirov proposed enhancing cooperation in space education and initiating joint projects to train young specialists. He also noted that the council faces ambitious tasks, including coordinating within the UN and deepening cooperation in space technologies. In August this year, Uzbekistan announced its accession to the 1967 treaty on the exploration and use of space. It was also reported that Uzbekistan will not send weapons of mass destruction into space; the country has advocated reducing the risk of space militarization. The CIS Interstate Space Council is an organization established to coordinate the efforts of CIS countries in space activities. The Council deals with space research, technological developments, and the implementation of joint projects in the space sphere. The organization's importance lies in strengthening cooperation between the countries in using space technologies for scientific research, communications, and navigation. The Council also works on coordination within international organizations such as the UN.
The Ministry of Agriculture of Uzbekistan has reported that a memorandum of understanding on agricultural technologies was signed between the leading Malaysian DroneTech company Meraque Group and the Ministry of Agriculture of Uzbekistan. This cooperation aims to improve the Uzbek agriculture sector, which includes 4.3 million hectares of cultivated land. Meraque intends to invest 20 million Malaysian ringgits ($4.78 million) in the next three years to establish a production enterprise that will create 1,000 jobs and serve 100,000 hectares of agriculture in Uzbekistan. The company is also looking to raise an additional 30 million ringgit ($7.17 million) for technological improvements in the region. The report reads: “A key part of the partnership will be policy development to create an ecosystem of drones for agriculture that will improve productivity and sustainability for the country’s 100,000 farmers. Meraque also focuses on training and knowledge sharing through training programs to support drone operations.” Razali Ismail, CEO of Meraque, said that this cooperation will sustain the development of the two countries' agriculture. The Times of Central Asia previously reported that in April of this year, the European Union presented €6 million ($6.4 million) to the Uzbek government to support the country’s National Food Security and Healthy Nutrition Strategy. In addition to the grant, the EU has also provided funds to help the Ministry of Agriculture carry out reforms. Further funding of €20 million ($21.4 million) will be issued later this year and next to support Uzbekistan’s National Agriculture Development Strategy for 2020-2030. Also, 3 million hectares of pastoral and agricultural lands have been degraded in Uzbekistan, and almost 2 million hectares have become saline. According to experts, by 2030, water resources in the region are in danger of decreasing by nearly 6% due to climate change. In response, Uzbekistan has developed a national program for adapting agriculture to climate change and mitigating its effects, which allocates more than $294 million in grants.
