Our People > Javier M. Piedra

Contributor

Javier M Piedra is a financial consultant with over 40 years of work experience in private and public sectors, international development, finance, marketing and advisory across multiple disciplines (corporate and retail banking, SMEs, hedge fund management, credit reporting, restructuring and sovereign and corporate risk management). He is former acting Assistant Administrator for Asia at USAID in President Trump's first administration.

Articles

Board of Peace

President Tokayev’s Washington Visit: Peace is Not a Bridge Too Far

On February 19, President Tokayev will meet President Trump for the third time in six months to advance Trump’s Board of Peace initiative – an undertaking that aligns with Kazakhstan’s long-articulated view that peace remains achievable, even in a war-torn world under seemingly impossible odds. This approach emphasizes sustained diplomacy, interfaith coexistence, economic integration, and respect for human dignity. Moreover, Washington has not only pivoted towards Central Asia but has found Kazakhstan a rational and predictable partner in an increasingly chaotic and multipolar world — one in need of credible mediators capable of engaging across political, economic, and religious divides. In accepting Trump’s invitation to join the Board, Tokayev has assumed a role consistent with Kazakhstan’s long-articulated identity and practice as a bridge-builder. Kazakhstan’s lived experience of pluralism and balanced pragmatic diplomacy gives that role substance. Kazakhstan brings to the Board a distinctive societal composition that has, despite differences, remained cohesive and broadly tolerant. Although it is a Muslim-majority country in Central Asia, it is also home to a substantial Christian, agnostic, and atheist population and has more than 100 ethnic groups. This demographic and religious diversity is not peripheral to its national identity and story as a relatively newly formed nation; it is foundational and will resonate as it carries out its responsibilities as a member of the Board. For decades, Kazakhstan has institutionalized interreligious dialogue as a matter of state policy rather than relying on symbolic rhetoric. In the process, it has learned to separate political ideology from the core principles of religious freedom and freedom of conscience. The Board of Peace initiative fits squarely within Tokayev’s priorities. As he said recently, this new platform is a “timely and relevant initiative designed to deliver meaningful and long-lasting results” in tackling global conflicts, aiming to complement—not replace—institutions like the United Nations. For Kazakhstan, participation reflects the external expression of that domestic model of pluralism and balanced engagement. It builds on Kazakhstan’s long experience of managing domestic diversity while sustaining balanced relations across competing global power centers through disciplined statecraft and structured dialogue. Kazakhstan brings this worldview into its seasoned practice of diplomacy. On the Board of Peace, Tokayev will bring experience and practical recommendations to the table. Other heads of state joining Tokayev include another Central Asian leader, President Mirziyoyev of Uzbekistan. A Continuation of Kazakhstan’s Role as an International Mediator This visit to Washington continues Kazakhstan's long-standing diplomatic tradition of prioritizing dialogue without dogma, development without division, and peace through prosperity. Tokayev has consistently framed the country’s foreign policy in measured terms: “Kazakhstan will continue to serve as a bridge-builder and peacemaker. It will also continue to choose balance over domination, cooperation over confrontation, and peace over war.” Rather than mere aspirational rhetoric, this statement, made at the 80th United Nations General Assembly in 2025, reflects a pragmatic doctrine that has guided Astana’s multi-dimensional diplomacy — maintaining constructive relations across competing power centers while advancing mediation, confidence-building, and multilateral engagement as tools of stability. This approach is structural...

5 months ago

Board of Peace

Opinion: Mirziyoyev in Washington – New Deals Expected Amidst Peace Diplomacy

The President of Uzbekistan, Shavkat Mirziyoyev, has arrived on a working visit to Washington to participate in the inaugural meeting of President Trump’s Board of Peace on February 19, 2026, alongside the Presidents of Kazakhstan, Azerbaijan, and other heads of state. Against a backdrop of deep geopolitical tensions and raging conflicts across the world, Mirziyoyev’s second visit to the White House in less than four months suggests that U.S.-Uzbekistan relations are at their strongest in decades. Mirziyoyev will be joined by Uzbekistan’s Foreign Minister, Minister of Investments, Industry and Trade, and other high-ranking officials. Uzbek Ambassador to the U.S. Sidikov and his team have been working around-the-clock for over two weeks, gearing up for the Trump–Mirziyoyev meeting. President Mirziyoyev’s objective will be to elevate U.S.-Uzbek relations from a constructive relationship to a fully functional, deal-oriented partnership with a focus on capital flows and bilateral trade. In addition to his desire for regional stability in West Asia, his signing up for the Board of Peace should be understood as indicating his desire to advance trade and investment and flows into Uzbekistan. The Uzbeks are keen to nail down new money and capital guarantees to fund infrastructure along the U.S.-brokered “Trump Route for International Peace and Prosperity,” aka, the Zangezur Corridor between Armenia and Azerbaijan (TRIPP) – a roughly 27-mile-long piece of land that links Europe to Central Asia and beyond through the Caucasus. TRIPP matters to Trump because it advances two goals at once: stabilizing the South Caucasus while more fully integrating U.S. trade with Uzbekistan and the Trans-Caspian International Transport Route (TITR)—a multimodal, 4,000 km transport network connecting China and East Asia with Europe via Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, and Turkey. Apart from the issues on the Board of Peace agenda, Mirziyoyev will push for ironclad U.S. commitments and cold, hard cash for transport corridors and their downstream beneficiaries. Two big reasons driving Mirziyoyev ‘s thinking: first, Uzbekistan is one of only two double-landlocked countries in the world, the other being Liechtenstein—and second, Trump’s desire to nail down a peace agreement between Armenia and Azerbaijan, thereby resolving a long-standing territorial dispute that has taken thousands of lives. Mirziyoyev knows that Trump sees TRIPP as a path to lasting peace and regional prosperity across the broader region, which fits into the Board of Peace narrative. Trump has referenced TRIPP repeatedly over the past year, and Mirziyoyev is well aware of this. At UNGA last September 23, 2025, Trump said: "President Mirziyoyev is a terrific leader, and with this TRIPP corridor, Uzbekistan is going to see massive trade flowing through – it's going to connect them directly to new markets without all the old hassles." And as Trump said on November 7, 2025, at the C5+1 Summit in Washington: "I've got great respect for President Mirziyoyev – he's doing amazing things in Uzbekistan. The Trump Route, i.e., the TRIPP, is perfect for them; it's going to cut transit times and costs, making Uzbekistan a powerhouse in regional trade." Mirziyoyev is paying...

5 months ago

political reforms

Opinion: Tokayev’s National Kurultai Address: A Moral Message, Not a Political One

On January 20, 2026, Kassym-Jomart Tokayev, the President of Kazakhstan, addressed the nation at a session of the National Kurultai, an age-old platform for public dialogue, akin to a wise men’s council – at any rate, that’s how it’s often billed. To no one’s surprise, Tokayev pressed ahead with his stated agenda of political reform, highlighting foreign, economic, and development policies and goals. While not devoid of interest, those parts of the speech felt like little more than window dressing that tended to obscure the address’s underlying fire and true import. Tokayev’s oration seemed at points to echo Alexis de Tocqueville’s ideas in Democracy in America: nations endure only when citizens pair civic participation with moral virtue and personal responsibility, because unchecked individualism ultimately weakens free societies and institutions, regardless of the presence of law and order. On closer examination, Tokayev’s thinking reflects Tocqueville’s view that building democracy is hard but doable. As Tocqueville wrote: “nothing is more wonderful than the art of being free, but nothing is harder to learn how to use than freedom,” pointing towards the belief that nation-building depends on freedom bound to virtue. Tokayev’s Kurultai message went far beyond a list of technical fixes, platitudes about the economy, and empty cheerleading. Nor did it read as a sleight of hand or bait-and-switch tactic to preserve power in the face of a failing democracy. Those familiar with Tokayev know he has called for Tocquevillian-like responsible citizenship for years, which, to be sure, requires at times tough love. Tokayev drove home a familiar theme, that the nation’s fate rests on the character and outlook of its people—not just on its economy, wealth, and politics. He maintained that traditional values present the vital adhesive of society, without which, every effort at statecraft withers—or worse, becomes easy prey to unsavory ambitions or certain secular ideologies which have taken on religious force in modern culture. At the heart of Kazakhstan’s future, Tokayev thinks, there must lie a commitment to enduring human principles and timeless truths: unity, selflessness, sharing, mutual understanding, patience, compromise, and common sense. These values are not solely theoretical constructs but qualities evident for successful outcomes. They positively shape family formation, social relations, conflict resolution, and citizens’ engagement with the state and outsiders. What’s more, economic and institutional strength is only possible when built upon a society united by common values, clarity of purpose, and a spirit of service. Transforming Public Consciousness President Tokayev stressed that changing minds matters more than changing laws and hollow pep talks. Without a common moral compass, nation-building is fragile. Strong cultural and spiritual roots foster social cohesion, building trust, identity, and civic duty. Towards this end, he urged the older generation “to promote the values of work and enterprise, and wean young people from verbosity, glorification, laziness, indifference, and idleness.” Tokayev’s strategy for consolidating national consciousness focuses on two core investments: on advancing cultural infrastructure (museums, theatres, libraries) and creative capital, thereby recharging towns and schools as sites of learning, dialogue, and shared...

6 months ago

Rare Earth Elements

Central Asia, Vanadium, and the U.S. National Security Strategy

Dated November 2025 and released publicly in early December, the U.S. National Security Strategy links overseas trade and investment, but overlooks Central Asia as a target region for critical minerals. This oversight merits reconsideration in the NSS’s next iteration, given the region’s known natural resource base, openness to foreign investment, proficiency in mining operations, low processing costs, and manageable geopolitical risks. As governments and businesses review supply-chain resilience for critical minerals, vanadium – not one of the 17 rare earth metals – has increasingly become a strategically relevant rather than optional or cyclical commodity. It is widely used in high-strength steel, grid-scale energy storage functions such as redox flow batteries, and infrastructure with defense and industrial applications. A recent letter from the U.S. Congress highlights a critical shortfall of vanadium in the United States: with 14,000 metric tons consumed in 2024, only 3,800 tons were produced domestically. Imports, mainly from Brazil and South Africa, are at risk due to shifting market conditions, meaning the U.S. needs a more structured and focused industrial-like approach to counter unnecessary import dependencies and geopolitical stresses. U.S. supply is secured solely through imports and recycling, given that the mining of vanadium-bearing mineral precursors is minimal to non-existent in the United States. With mining dominated by China and Russia, and with South African production in decline, today’s need to secure primary materials and supply chains means the U.S. must invest overseas until domestic mining is viable. What is needed is vertical integration from mine to final product – vanadium pentoxide (V205), vanadium trioxide (V2O3), and vanadium sulfate (VOSO₄ / V₂(SO₄)₃) for batteries. In an October Development Finance Corporation media release, DFC CEO Ben Black said that “Securing critical minerals is a paramount matter of U.S. strategic interest and economic prosperity.” That’s clearly beyond dispute. Central Asia and Vanadium Central Asia as a region fits within the U.S.’s broader geostrategic goals and geographic diversification plans aimed at building solid asset-based partnerships that go beyond raw material extraction and precarious trading arrangements. Last November's gathering of Central Asia’s five presidents at the White House finally placed the region firmly on the global map. U.S. Assistant Secretary of State for South and Central Asian Affairs Paul Kapur has also been clear: “Under President Trump’s and Secretary Rubio’s leadership, we’re elevating the C5+1 partnership as a priority — a strategic priority and an economic priority.” Here, amongst critical minerals, vanadium surely emerges as a priority commodity, given the near absence of U.S. domestic mining. Kazakhstan leads Central Asia in vanadium mining and production, hosting the region’s most productive deposits. Established operations, strong infrastructure, cost advantages, supportive laws, tax incentives, and a free FX regime make the country highly attractive to investors. Kazakhstan has three vanadium assets—Balasausqandiq in advanced production and Lisakovsk and Kurumsak in exploration—making them attractive targets for miners or funds with long horizons and low-cost capital. Kyrgyzstan has scattered, under-explored vanadium deposits, including in the Jetim Mountain Range. Uzbekistan is expanding exploration, but the value is yet to...

7 months ago

Pope

Vatican, Uzbekistan United in Pursuit of Diplomacy and Peace

On 6 December 2025, Pope Leo XIV accepted the credentials of thirteen new ambassadors, among them Abat Fayzullaev of Uzbekistan, in Vatican City’s splendid, fresco-festooned Sala Clementia in the Apostolic Palace. The accreditation of Uzbekistan’s ambassador marks a further milestone in the development of Tashkent’s relations with the Holy See. Addressing the new diplomats, Pope Leo XIV asserted the primacy the Holy See accords peace and diplomacy, and its conviction that peace can take root whenever the will to embrace it exists. “Peace is not merely the absence of conflict, but an active and demanding gift, one that is built in the heart and from the heart,” the Pope stated. He called on the ambassadors and the governments they represent to renounce “pride and vindictiveness,” and to resist “the temptation to use words as weapons. This vision of peace has become all the more urgent as geopolitical tension and fragmentation continue to deepen in ways that burden nations and that strain the bonds of the human family.” Pope Leo XIV said the Vatican would continue to publicly condemn grave inequalities, human rights abuses, and systemic injustice, while it defended the dignity of the poor and vulnerable. This assertion is consistent with the Church’s age-old social teaching and constitutes a veiled jab at the global economic system and its evident defects from the Christian perspective. In line with Central Asia’s broader interest in stability and common-good capitalism, Pope Leo told the ambassadors that “in times of global instability, the poorest and most marginalized often suffer most.” He encouraged the new ambassadors to help lay "the foundations for a more just, fraternal and peaceful world." Uzbekistan has struck a similar chord but from a different angle: “If the greatest gift given to man is life, then the greatest goal humanity has always strived for is, without a doubt, peace and harmony. That is why we always wish each other peace and tranquility, health, and well-being,” Kahramon Sariyev, Chairman of the Committee on Interethnic Relations and Compatriots Abroad of the Republic of Uzbekistan, stated. Central Asians will surely welcome the Pope’s belief that “religions and interreligious dialogue can make a fundamental contribution to fostering a climate of peace and that truly peaceful relationships cannot be built apart from truth.” Uzbekistan's state media—along with those of other Central Asian countries—have pointed out repeatedly that genuine interfaith and interethnic dialogue is not only possible but essential for peace and stability—perhaps an indication of the impact Central Asia’s Congress of Leaders of World and Traditional Religions has had in calling for a diplomacy rooted in respect for diverse traditions and cultural mores. Tashkent’s diplomatic engagement with the Vatican—embodied in the Uzbek ambassador’s accreditation to the Holy See last week—reflects a convergence of values. The Pope’s call for dialogue over discord sets the stage for deeper Vatican cooperation with Uzbekistan and the wider Central Asian region.

8 months ago

TCA Interviews

Why Regional Connectivity Is Reshaping Central Asia: Insights from ISRS Director Eldor Aripov (Part Two)

The Times of Central Asia presents the second part of an interview in Washington, D.C. with Eldor Aripov, Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan. Dr. Aripov sat down with our Washington Correspondent, Javier M. Piedra, to discuss Uzbekistan’s geoeconomic and geopolitical strategic thinking. The conversation focused on Uzbekistan’s and the region’s efforts to cooperate diplomatically to maintain peace and stability with neighbors, irrespective of historical “hotspots,” cultural sensitivities, or the all-important matter of water resources. Aripov comments on Afghanistan, Chabahar Port (Iran), Ferghana Valley, and business development – key for U.S. investors thinking about Uzbekistan and the broader Central Asian region. TCA: What message do you have for businesses and private investors who do not have any experience in Central Asia? Many companies are sniffing around at this time – what do you want to tell them? Aripov: Uzbekistan is ready for committed investors - those who deliver lasting benefits, quality jobs, and shared prosperity. A decade of reforms has strengthened our fiscal discipline, boosted SMEs, and anchored stability. Coupled with our focus on good relations and a secure, integrated Central Asia, we offer a reliable platform for long-term, sustainable investment. While we have more work to do, we invite you to be part of our momentum. TCA: What are the risks that companies might face when considering long-term investment? Aripov: No country is immune to downside risks – not only in the developed but developing world. Having said that, downside risks, including trade shocks, commodity price volatility, tighter external financing, and contingent liabilities from state-owned enterprises, are mostly exogenous factors driven by global conditions. Risks are mitigated through political stability, diversification of the economy, prudent macroeconomic management, and reforms to state-owned enterprises and governance. For more in-depth commentary, I refer you to recent IMF, World Bank, and Asian Development Bank assessments about our economic conditions and trends. TCA: Let me move on to more regional issues. The first Ferghana Peace Forum was held in October 2025. How can it serve as a replicable model for other regions seeking sustainable peace? Aripov: First of all, I’d like to put this important forum on everyone’s radar. I’d like to underscore that peace is possible when hard work, respect for others, and a commitment to understanding guide our actions, despite historical memories and past differences. Someone should write a case study about our ability to bring consensus into an otherwise challenging region. In any event, the inaugural Ferghana Peace Forum brought together over 300 participants from more than 20 countries — representatives of Central Asian governments, international organizations, leading think tanks, research institutions, and local communities. A joint communiqué was adopted, confirming the intention to institutionalize the Forum as a permanent platform with rotating hosts. This broad participation highlighted an important reality: the Ferghana Valley is no longer viewed as a fragile zone; it is now viewed as a model of pragmatic peacebuilding. The Forum demonstrated how regional leadership — particularly the openness and...

8 months ago

TCA Interviews

The New Geoeconomics of Uzbekistan: Insights from ISRS Director Eldor Aripov

The Times of Central Asia presents a two-part interview in Washington, D.C. with Eldor Aripov, Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan. Dr. Aripov sat down with our Washington Correspondent, Javier M. Piedra, to discuss Uzbekistan’s strategic thinking regarding its diplomatic posture, regional integration, and relations with Central Asian and global partners. The conversation includes commentary on “Great Game” geopolitics, U.S.–Uzbekistan relations, trade, the meaning of “Uzbekistan First,” the historically explosive Ferghana Valley, and water management. Recognizing the link between investment, a stable geopolitical ecosystem, and the need to de-risk potentially conflictive issues, Aripov further sheds light on Tashkent’s practical approach to internal governance and business development. [caption id="attachment_40284" align="aligncenter" width="2360"] Central Asia on the Front Lines; image: Defense.info[/caption] TCA: “America First” refers to U.S. policies prioritizing national interests, often associated with non-interventionism, nationalism, and protectionist trade. Given Uzbekistan’s pragmatic foreign policy, can we speak of an “Uzbekistan First” policy? It is certainly not isolationist — but how is it manifested on a day-to-day basis? Aripov: What you describe as “Uzbekistan First” is, in our understanding, fundamentally about prioritizing national interests – stability and predictability for the people of Uzbekistan. Yet Uzbekistan’s uniqueness lies in the fact that our national interests are closely intertwined with those of the entire region – this means shared upsides at the transactional and strategic levels and thinking long-term. We border every Central Asian country as well as Afghanistan, and therefore any issue — security, trade, transport, or water management — directly depends on the quality of our relationships with neighbors. From his first days in office, President Shavkat Mirziyoyev — with his strategic vision and deep understanding of regional dynamics — declared that regional unity and mutual benefit stand at the core of Uzbekistan’s foreign policy. The essence of his doctrine is to resolve agreeably any historically or materially problematic issues with neighbors, remove barriers to understanding, and create predictable, stable conditions for mutually beneficial cooperation and the free movement of goods, ideas, and people. That is the true meaning of “Uzbekistan First”: not isolation, but openness, predictability, and regional consolidation. TCA: How are you realizing “Uzbekistan First” in practice? Aripov: Uzbekistan is strengthening its economy domestically and global track - putting in place the building blocks for internal sustainable development and accelerating accession to the World Trade Organization. The latter means expanding the geography and composition of exports and increasing the country’s investment attractiveness. This approach is rooted in the logic of sustainable development within the broader international context: long-term national interests are best served by Uzbekistan integrating into global value chains and markets. The results speak for themselves: in 2024, Uzbekistan’s GDP grew by 6.5%, foreign direct investment increased by more than 50% to reach $11.9 billion, and the target for 2025 is to attract $42 billion. This performance is also a tribute to our style of diplomacy, grounded in respect and having a constructive attitude towards others. Thus, “Uzbekistan First” represents a modern model...

8 months ago

U.S. Sanctions

U.S. Waiver of Sanctions on Iran’s Chabahar Port is Good News for Central Asia

U.S. sanctions on Iran’s Chabahar Port on the Gulf of Oman have been on again/off again since 2013, when the U.S. Congress passed the Iran Freedom and Counter-Proliferation Act (IFCA) to curb Iran’s regional influence and strategic capabilities through targeted economic pressure, aka sanctions. In the decade following IFCA’s passage, Washington’s sanctions on Chabahar had a negative impact on Central Asia, largely by complicating its efforts to deepen economic ties with South Asia and the Gulf. But geopolitics are shifting. Washington is increasing its involvement in Central Asia and India, and is doing the same in Afghanistan. These factors may well induce the U.S. Department of State to keep the waiver in place. Washington first waived its sanctions on Chabahar in 2018—a strategic move to support India's role in Afghanistan's post-war development and to provide a crucial trade route for that landlocked country. Six years later, India's Indian Ports Global Limited secured a 10-year deal with Iran to manage Chabahar port, in part, to offset Pakistan’s Gwadar port at the end of the China-Pakistan Economic Corridor, a mere 100 miles from Chabahar. For all the fanfare, Central Asia held little real priority in Washington in those years. Seven years later, the U.S. changed course. It announced on September 16, 2025, much to Central Asia’s surprise and concern, that “the State Department has revoked the sanctions exception issued in 2018 under the IFCA”, making individuals involved in Iran’s Chabahar port operations subject to penalties, resulting in another snag in Central Asia’s desire for a southern breakout route. And then, in a swift reversal, the U.S. restored India’s sanctions waiver some six weeks later, on October 30. Whatever might explain the sudden change, Central Asia breathed a sigh of relief, and, by all accounts, now feels confident that the waiver will be evergreened. Time will tell if this confidence is justified. The U.S. waiver enables India to work to enhance Chabahar’s infrastructure and functionality, offering Central Asian exporters a more direct and profitable trade route than those via China, Russia, or the Middle Corridor, which stretches from East Asia to Europe via Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, and Türkiye. As a result, goods like minerals, cotton, and energy products can reach regional and global markets faster. Central Asian capitals are quietly reveling in Washington’s flexible realpolitik in the face of convulsive U.S.-Iranian relations and heated Indo-Pakistan tensions. Without fear of punitive measures, India can now continue its work at Chabahar. To be sure, the waiver affirms India’s rising global presence and accelerates New Delhi’s drive into Central Asia, including Afghanistan. Washington’s decision signaled to traders, investors, and think tankers that it has no intention of spoiling India’s export ambitions and Central Asia’s desire for north-south economic integration. The waiver shows Washington’s pragmatism—and is welcomed by those who have little or no use for Washington’s penchant for foreign policy moralism. Chabahar Port complements not only the Trans-Caspian corridor—a multimodal trade route connecting Asia and Europe by linking China to Europe through Central...

8 months ago

TCA Interviews

Universities Join Kazakhstan’s Global Education Vision: An Interview with Minister of Education Sayasat Nurbek

At the invitation of President Trump, on November 5-6, the Presidents of the five Central Asia Republics arrived in Washington, D.C. to celebrate and sign deals on the 10th anniversary of C5+1. They were accompanied by cabinet ministers and business leaders. The Times of Central Asia presents a wide-ranging interview with Kazakhstan's Minister of Education, Sayasat Nurbek. Minister Nurbek sat down with our Washington Correspondent, Javier M. Piedra, to discuss Kazakhstan’s education strategy. The interview offers U.S. academic and technical institutions a glimpse into Minister Nurbek’s educational philosophy and his plans to advance Kazakhstan’s higher education through new partnerships with U.S. universities, AI platforms, and private sector innovators—positioning Kazakhstan as a regional educational hub. Nurbek shared his insights on his understanding of traditional values, the human person, AI’s potential and risks, critical thinking, and building mutually beneficial partnerships in the context of education. (His responses have been edited for length and flow.) TCA: The tenth anniversary of C5+1 was a landmark event, bringing together the Presidents of all five Central Asian nations at the White House. Kazakhstan President Tokayev has tasked you with transforming Kazakhstan into a fully digital nation within three years. In the last two days, you secured six key partnerships with U.S. universities and tech firms across education, testing, mining, and engineering. Minister, with that in mind, how is Central Asia important to the United States? Nurbek: My message to American academic institutions is straightforward. Kazakhstan has a lot to offer, and we are keen on deeper engagement with the outside world. Also, the timing to deepen U.S.-Kazakhstan relations is perfect given that the world is changing. Avenues are open for new relationships and business opportunities. America and Kazakhstan can have a great future as long as we work together to achieve that future. America should not miss this moment in history; the importance of Eurasia and of Central Asia in particular. Besides the education aspects – most important to me – academic and technical partnerships can serve as platforms to maintain U.S. influence, share values, and promote ideas, benefiting both the United States and Kazakhstan as friends in a non-geopolitical sense. TCA: In our earlier conversation, you referenced Sir Halford Mackinder, the early 20th-century British academic who emphasized geography’s role in geopolitics. Can you comment on the sensitivity of mixing education and geopolitics? Nurbek: In The Geographical Pivot of History in 1904, Halford Mackinder argued that control of Eurasia’s central “Heartland,” particularly Eastern Europe and Central Asia, could secure global influence. Mackinder’s theory stressed land power’s dominance over naval power in an increasingly rail-connected world in the early 20th century. Central Asia mattered then and still does today—but why do I mention Mackinder in the context of education? President Tokayev has been clear, especially in the sphere of education, that Kazakhstan seeks great gain, not a “Great Game” – the rivalry between Great Powers for influence and control in Central Asia. In other words, the main way to produce great gains in Kazakhstan and across the...

9 months ago

C5+1 Summit

C5+1: Diplomats and Executives Define Investment Path

Before the historic White House meetings on November 6 between President Trump and the five Central Asian presidents, U.S. and regional diplomats and business leaders met at the Kennedy Center on the occasion of the C5+1 Business Forum, hosted by the U.S. Department of State, to launch a new chapter of cooperation, with a focus on strengthening commercial and investment ties in energy, finance, and manufacturing. Deputy Secretary of State Christopher Landau, who moderated the panel discussion, said economic engagement is returning to the center of U.S. foreign policy. “The purpose of foreign policy is to increase the prosperity of the American people by finding opportunities for mutually beneficial economic and commercial interchange,” he said. Executives from Chevron, Citi, Freedom Holding, and Uzbekistan’s UzAvtosanoat described how decades of partnership had demonstrated the wisdom of making strategic investments in the region. These partnerships continue to reshape the economic and financial landscape for the better. Participants highlighted Central Asia’s economic stability, solid reserves, and consistent policies, and were confident in faster growth to be driven by increased capital flows and by regional projects like Kazakhstan’s Tengiz oil expansion. Both sides promised to translate diplomacy into dealmaking. Landau further noted that under President Trump and Secretary of State Marco Rubio, the State Department has elevated commercial diplomacy to a core mission. He stressed that mutual respect, win-win agreements, and consistent engagement are key to driving results. Central Asians have waited decades for this: action, not talk. Two-way trade and investment are now front and center. Chevron Points to Long-Term Energy Investment Chevron Corp. Chief Executive Mike Wirth said the company’s 30-year presence in Kazakhstan remains one of its largest international operations. Chevron was the first major U.S. investor to enter the country after independence and is now the biggest foreign investor. The US$ 48 billion Future Growth Project at Kazakhstan’s Tengiz oilfield, co-managed by Chevron and 50%-partner Tengizchevroil LLP, is up and running with expansion underway. “Our history is really founded on relationships and trust,” Wirth said. “The most enduring aspect of it (our work) is the respect and love that our American employees have for the culture and people of Kazakhstan.” He said more than 500 Kazakh employees have trained in Chevron operations worldwide, many of whom now hold senior roles in government and industry. Citi Expands Access to Global Capital Citi’s Managing Director Stephanie von Friedeburg outlined the bank’s activities in Central Asia, where it began operations more than three decades ago. Citi now serves about 800 corporate clients across the region, supporting private companies, governments and state-owned enterprises with strategic planning, capital issuance, and risk management services. The bank has arranged Eurobond sales for the Kyrgyz Republic and Tajikistan and handled more than US$40 billion in fundraising for Kazakhstan since 2014. In Uzbekistan, Citi has supported 19 capital-market transactions and advised the government on improving its credit rating. “We help countries understand how rating agencies look at them (and) how to improve their ratings,” von Friedeburg said. “That allows them...

9 months ago

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