• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10851 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10851 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10851 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10851 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10851 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10851 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10851 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10851 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
22 December 2025

Viewing results 493 - 498 of 858

China Expands Footprint in Central Asia

In July, Chinese leader Xi Jinping, architect of the Belt and Road economic initiative, traveled to Kazakhstan for a meeting of the Shanghai Cooperation Organization, a security group whose founding members include several Central Asian countries. There, Xi warned against the threat of “external interference” and celebrated Chinese collaboration with President Vladimir Putin of Russia, the region’s other traditional power. Then he visited Tajikistan, a security partner that borders China and Afghanistan. Europe and the United States, which want to counterbalance Chinese and Russian sway in Central Asia, were watching. Last week, several analysts affiliated with Western institutions held a Zoom discussion titled "The China-Central Asia Crossroads." It was hosted by the Center for the National Interest, a non-profit group based in Washington – a few blocks from the White House. Here are excerpts from the analysis:   Balancing China and Russia: Temur Umarov, a fellow at the Berlin-based Carnegie Russia Eurasia Center: There is a misconception that “China is somehow replacing Russia” as the main partner in Central Asia because of unease over Russia´s full-scale invasion of Ukraine in 2022. “The reality is much more nuanced and detailed,” Umarov said. Since the end of the Soviet Union in 1991, he said, Central Asian countries have always looked for “diversified ties with the world” and “Central Asia wants to have China’s presence be enlarged into other spheres and to have a counterbalance in the face of Russia.”   Elizabeth Wishnick, an expert on Sino-Russian relations at the Center for Naval Analyses and the Weatherhead East Asian Institute at Columbia University: “Central Asians wanted to diversify away from Russia to have more choice. China is not necessarily the only partner they want. And they they've been trying, especially recently, to engage with European countries, with India, with Iran, with Turkey, with a broader range of countries.” Wishnick, who traveled recently to Central Asia, said some people described Russia as “toxic” in private conversations. She also said: “You see a lot of caution about the relationship with China in terms of the lack of transparency of some of the projects that China is investing in, the potential environmental consequence of some of these projects.”   Brian Carlson,  a research professor at the Strategic Studies Institute of the U.S. Army War College: There is “a little bit of slippage of Russian influence in the region,” although Putin has worked to maintain it with frequent meetings with Central Asian leaders, Carlson said. He noted that, after Putin visited China in May, he called the leaders of Kazakhstan and Uzbekistan to update them on the trip. Even so, China’s influence is increasing. “And so, this does pose challenges for the Central Asian countries. In the past, they've kind of tried to play Russia and China off against each other. To some extent, that will be more difficult given that China and Russia have a very close partnership. So, it will be difficult for Central Asian countries to navigate great power relations in the coming years....

SCO and Afghanistan on the Cusp of a New Relationship

The hype surrounding the recent summit of the Shanghai Cooperation Organization Council of Heads of State in Astana has died down, and the expert community has offered differing takeaways, with some experts optimistic and others cautious. Few, however, have considered what new this summit delivered on Afghanistan. In general, what is the role of the Shanghai Cooperation Organization (SCO) in resolving the political issues around long-suffering Afghanistan and rebuilding its economy? Despite the SCO’s previous hands-off approach to Afghan affairs, the issue of Taliban-ruled Afghanistan was raised for the first time at the highest level of the SCO in Astana, which gives hope that the organization will expand its role. In their remarks, almost every SCO head of state touched on Afghanistan in essentially the same vein, stating the need for peace, stability and security, while underlining the fact that Afghanistan is an integral part of Central Asia. Indeed, Afghanistan was mentioned in the final declaration of the Astana summit, with Member States “reaffirming their commitment to asserting Afghanistan as an independent, neutral and peaceful state free from terrorism, war, and narcotic drugs [and voicing] their readiness to support the international community’s efforts to facilitate peace and development in that country.” At the same time, there was a clear message to the Taliban that “the establishment of an inclusive government involving multiple representatives of all ethnic and political groups of Afghan society is the only way toward attaining lasting peace and stability in that country.” These statements represent a rather big step, considering that previously the SCO failed to find a consensus on Afghanistan and develop its own mechanisms to interact with Kabul. The creation of the SCO-Afghanistan Contact Group back in 2005 was rather a spontaneous reaction to the US-led coalition's Operation Enduring Freedom in the wake of the 9/11 terrorist attack. The SCO itself says the contact group was created because of the "concerns of the SCO countries about the negative development of the situation in Afghanistan and the intention of the SCO to establish a specific consultative dialogue with Kabul." While the contact group included the members’ permanent representatives to the SCO, only a few events were ever held. Indeed, interest in the contact group was only really apparent from the Afghan side, which was looking for SCO assistance in rebuilding the Afghan economy and SCO participation in implementing various energy and transport infrastructure projects and creating favorable conditions for Afghan goods to access the markets of SCO countries. However, none of this was realized. The SCO states preferred, as they still do, to conduct relations with Afghanistan bilaterally, and did not support the efforts of the SCO Secretariat to intensify the work of the contact group. In 2010, Uzbekistan directly indicated its interest in building relations with Afghanistan exclusively on a bilateral basis and stated that it would no longer take part in the contact group. In June 2012, Afghanistan’s application for SCO observer status was granted. Yet this step was more symbolic and failed to...

Japan to Offer Aid to Central Asia

Japanese Prime Minister Fumio Kishida is set to announce an economic aid package for Central Asia. According to The Japan Times, details will be revealed during the Japanese prime minister's meeting with heads of  the five Central Asian states during his visit to Uzbekistan, Kazakhstan, and Mongolia from August 9 to 12. Tokyo is seeking to strengthen ties with the region by helping to create a trade route across the Caspian Sea that would link Central Asia and Europe, bypassing Russia. According to the Japanese government, the initiative will reduce the heavy influence of both Russia and China on the region and afford Central Asia economic independence. Kishida is expected to announce the economic support package in a joint statement following the six-party summit in Kazakhstan on  implementing a new trade route, helping to decarbonize the economy, and promoting people-to-people exchanges. Japanese companies will also help Kazakhstan and other Central Asian countries reduce their dependence on coal by providing technology and loans to develop natural gas production and processing. In exchange, the Central Asian states will send skilled labor to Japan.

IMF estimates Uzbekistan’s GDP at Over $100 Billion

According to a recent assessment by the International Monetary Fund (IMF), Uzbekistan's nominal GDP increased by $10.7 billion (125.6 trillion UZS) in 2023, and now stands at $101.6 billion (1,192.2 trillion UZS). IMF analysts noted that the informal economy is a comprehensive direction. Changes in the structure of the country’s economy by sector were discussed after the socio-economic indicators were recalculated, taking into account the informal and hidden sectors. Koba Gvenetadze, the IMF Resident Representative in Uzbekistan, said: “Uzbekistan is transforming its economy towards a market economy, and this is a long journey. We provide all possible assistance to our Uzbek colleagues in many areas of statistical calculation and analysis. The technical assistance that IMF experts can provide is also of interest to us because it will allow us to access data on the current state of statistics in the country. Based on this, we will see the dynamics of economic development.” As stated in the report, more details about this study's results will be announced at a press conference at the Agency for Information and Mass Communications on August 6th.

ADB to Provide $400 Million to Uzbekistan for Energy Reform

The Asian Development Bank (ADB) has approved two loans totaling $400 million to support the Government of Uzbekistan’s initiatives to strengthen the country's financial markets and develop a sustainable market-oriented energy sector. General Director of the ADB for Central and West Asia, Yevgeniy Zhukov emphasized that the active participation of the private sector is very important for Uzbekistan's economic growth and transformation. “Reforms supported by these programs will help shape an enabling environment for regulators and firms to play their part in boosting development by building robust domestic financial markets and addressing energy needs while tackling climate change,” Zhukov stated. A $300 million loan for subprogram 2 of the Power Sector Reform Program will provide budget support for policy actions to improve the power sector’s structure, legal and regulatory framework, and governance to encourage private sector investment and promote financial sustainability. A $100 million loan for subprogram 2 of the Financial Markets Development Program will support regulatory and institutional reforms focused on improving market facilitation to streamline financial transactions and services and increase supply and demand measures to grow Uzbekistan’s capital and money markets. The ADB had previously approved a $100 million soft loan to help Uzbekistan improve perinatal health services for pregnant women and newborns. Uzbekistan became a member of the ADB in 1995, and since then, the bank has provided the country with loans, grants, and technical assistance totaling $12.5 billion.

Uzbek-Kyrgyz Expert Council Established to Support Joint Projects

Two state bodies affiliated to the governments of Uzbekistan and Kyrgyzstan have established the Uzbek-Kyrgyz Expert Council. The Council, an initiative between the Institute for Strategic and Interregional Studies under the President of Uzbekistan and the National Institute for Strategic Initiatives under the President of the Kyrgyz Republic, was designed to support the high-level dialogue between the two countries. The Council will pay particular attention to developing industrial, technological, cultural, and humanitarian cooperation between Kyrgyzstan and Uzbekistan. It will also focus on promoting the initiatives of the heads of the two states, including the planned construction of the China-Kyrgyzstan-Uzbekistan railway and water and energy cooperation in the context of joint construction of the Kambarata hydropower plant (HPP)-1 in Kyrgyzstan. These initiatives will have a multiplier effect on developing the economies of all countries in the region.