• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10787 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10787 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10787 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10787 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10787 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10787 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10787 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10787 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Our People > Sadokat Jalolova

Sadokat Jalolova's Avatar

Sadokat Jalolova

Journalist

Jalolova has worked as a reporter for some time in local newspapers and websites in Uzbekistan, and has enriched her knowledge in the field of journalism through courses at the University of Michigan, Johns Hopkins University, and the University of Amsterdam on the Coursera platform.

Articles

Uzbekistan’s Economy to Remain Strong in 2026, IMF Forecasts 6.8% Growth

The International Monetary Fund (IMF) has released its latest assessment of Uzbekistan’s economy, reporting strong growth in 2025 alongside recommendations for continued fiscal discipline and structural reforms. According to the IMF, Uzbekistan’s real GDP grew by 7.7% in 2025, driven by robust domestic consumption and investment. Growth was broad-based, with the services and construction sectors expanding the fastest. At the same time, the unemployment rate declined to 4.8%, down 0.7 percentage points from the previous year. Inflation showed a downward trend, with annual consumer price growth falling to 7.3% by the end of 2025, compared to 9.8% a year earlier. The IMF attributed this to the fading impact of energy price increases introduced in May 2024, a stronger national currency, and what it described as an “appropriately tight monetary policy stance.” Core inflation also declined over the same period. External balances improved. The current account deficit narrowed to 3.9% of GDP, supported by strong exports and remittance inflows. International reserves remained stable, covering around 13 months of imports, while the fiscal deficit fell to 2.1% of GDP, below the government’s 3% target. “The economic outlook remains favorable,” the IMF said, while pointing to increasing global uncertainties, particularly linked to geopolitical tensions and the conflict in the Middle East. Economic growth is projected at 6.8% in 2026, before moderating to around 6% in 2027. Inflation is expected to remain above the Central Bank’s 5% target in 2026, partly due to higher global oil prices, before easing toward the target level in 2027. The IMF stressed that monetary policy should remain focused on price stability, noting that the policy rate has been held at 14% since March 2025. The report also highlighted risks related to global economic conditions, including trade disruptions and commodity price volatility, as well as domestic challenges such as potential pressure for increased public spending and vulnerabilities linked to state-owned enterprises. The IMF recommended limiting additional government spending in 2026 to avoid fuelling inflation. It also called for targeted social support measures instead of broad subsidies, alongside continued reforms in tax policy, public financial management, and state-owned enterprises. Further recommendations included accelerating the privatisation of state-owned banks, strengthening financial sector oversight, and improving governance standards. The IMF also emphasised the importance of maintaining exchange rate flexibility to help the economy absorb external shocks. The findings build on last year’s IMF assessment, which reported 7.6% growth in the first nine months of 2025, also driven by strong consumption and investment, while inflation showed signs of easing.

2 months ago

1853 Map of the Aral Sea Published in the Journal of the Royal Geographical Society

An 1853 map of the Aral Sea, published in the Journal of the Royal Geographical Society, depicts the vast inland water body at a time when it was near its historical peak. The engraving, created by German cartographer August Petermann, was based on findings from a scientific expedition conducted in 1848-1849, according to historical materials referenced in the project. The expedition, led by Russian naval officer Alexey Butakov, produced one of the first detailed studies of the Aral Sea. Researchers measured its depth, mapped its coastline, and documented its islands, providing a comprehensive picture of a body of water that would later become a symbol of environmental degradation. Although widely referred to as a sea, the Aral is in fact a lake. In the 20th century, it ranked as the world’s fourth-largest lake. Scientific evidence suggests it formed around 17,600 years ago as a result of glacial melt. Initially freshwater, it became increasingly saline over time, while its water levels fluctuated over centuries. From the 1960s, however, the lake began to shrink rapidly. Large-scale irrigation projects diverted water from the Amu Darya and Syr Darya rivers, primarily for cotton cultivation. Over the following decades, the Aral Sea lost more than 90% of its volume, transforming much of the region into desert and salt plains, and severely disrupting ecosystems and local livelihoods. In 1989, the lake split into two separate bodies. The southern part, largely located in Uzbekistan, has almost completely dried up, forming the Aralkum Desert. The northern section has shown some stabilisation, supported in part by infrastructure such as the Kokaral Dam. This transformation, and its historical context, will be explored in Uzbekistan’s cultural exhibition When Apricots Blossom, which draws on archival materials and contemporary interpretation. The exhibition takes its name from a poem by Hamid Olimjon, written in the 1930s, symbolising hope and renewal. According to organisers, the project will combine history, art, and environmental reflection to present the story of the Aral Sea to an international audience. The exhibition will run from April 20 to 26, at Palazzo Citterio in Milan’s Brera district as part of Milan Design Week.

2 months ago

Russia Seeks Transfer of 200 Tajik Women Prisoners After Dushanbe Approval

Russia’s human rights commissioner Tatyana Moskalkova has received a positive response from Emomali Rahmon regarding the possible transfer of around 200 Tajik women currently serving sentences in Russian prisons, according to TASS. Moskalkova said she had written to the Tajik president requesting that the women be allowed to continue serving their sentences in Tajikistan on humanitarian grounds. “In each case, we must carefully weigh issues of justice, mercy, and humanism,” she said in an interview with TASS. She noted that while most cases confirm that crimes were committed, the severity of punishment should not always be maximal. “Sometimes leniency helps a person reform, repent, and change for the better. That is why we try in each case to find arguments that could support leniency, especially for women,” she said. According to Moskalkova, foreign women prisoners face additional challenges, including limited access to family visits and difficulties receiving parcels from relatives. These factors were among the reasons behind her appeal to Tajik authorities. She also pointed to broader policy developments in Russia’s penal system, citing improvements in detention conditions under the country’s penal reform strategy through 2030. Moskalkova highlighted recent legislation limiting pretrial detention for women with young children who have committed non-violent offenses. In addition, she said she has repeatedly asked courts to grant deferrals of sentences for women with children under the age of 14, thanking the judiciary for what she described as “understanding and positive decisions” in such cases. Earlier this month, Moskalkova said Russia was prepared to facilitate the transfer of more than 3,000 Uzbek nationals convicted in Russia to serve their sentences in Uzbekistan. However, she noted that the process remains stalled due to legal constraints, including Uzbekistan’s failure to ratify the 1998 Convention on the Transfer of Sentenced Persons.

2 months ago

Russia to Boost Energy Exports to Uzbekistan as Trade Surpasses $13 Billion

Russia plans to increase deliveries of oil and natural gas to Uzbekistan, Prime Minister Mikhail Mishustin said at the sixth session of the intergovernmental commission at the level of the two countries’ prime ministers in Moscow. “Agreements have been reached to continue supplies of Russian oil and natural gas and to increase their volumes,” Mishustin said, noting that energy remains a key area of cooperation between Moscow and Tashkent. He added that Russian specialists are also involved in drilling new wells and modernizing refining and gas transportation infrastructure in Uzbekistan. The meeting brought together Mishustin and Uzbekistan’s Prime Minister Abdulla Aripov to review progress on agreements set by Presidents Vladimir Putin and Shavkat Mirziyoyev. Both sides emphasized the continued expansion of what they described as a comprehensive strategic partnership. Mishustin said bilateral trade increased by nearly 12.5% last year, approaching one trillion rubles, and is expected to grow further by 2030. Aripov, citing Uzbek data, said trade turnover exceeded $13 billion in 2025 and rose by a further 30% in the first two months of this year. Energy cooperation featured prominently in the discussions. Construction of a Russian-designed nuclear power plant in Uzbekistan’s Jizzakh region is underway, with concrete work beginning in March. Aripov described the project as opening “a new page” in bilateral relations, adding that Uzbekistan would become “the first country where both small and large nuclear power plants will be located on one site.” Beyond energy, the two sides highlighted expanding investment and industrial cooperation. Around 150 joint projects worth more than four trillion rubles are currently being implemented, while Uzbekistan hosts over 3,200 enterprises with Russian capital. Projects span sectors including mining, chemicals, textiles, pharmaceuticals, logistics, and digital technologies. Previous reporting indicates that Russia remains one of Uzbekistan’s largest trading partners, with both governments aiming to increase bilateral trade to $30 billion by 2030. Transport links are also expanding, with 367 weekly flights now operating between the two countries, according to Aripov.

2 months ago

Uzbekistan’s Islamic Civilization Center Enters Guinness World Records as Largest Museum

The Center of Islamic Civilization in Uzbekistan has been officially recognized as the world’s largest museum dedicated to Islamic civilization, receiving a Guinness World Records title on April 13. The recognition was confirmed by Guinness World Records adjudicator Şeyda Subaşı Gemici, who attended the ceremony alongside project architects, designers, and members of the Center’s Scientific Council. The award followed a detailed verification process. The recognition comes as Uzbekistan continues to invest in large-scale cultural infrastructure as part of a broader effort to present its historical narrative and reshape its international image. “As an official Guinness World Records adjudicator, I can state that every corner of the museum and every exhibit possesses its own uniqueness and cultural value,” Gemici said. “The evaluation process strictly followed established procedures… every exhibit was recorded and verified by specialists in Islamic archaeology, art, and science.” She added that the scale and depth of the project left a strong impression, describing it as “an outstanding achievement” and, in Guinness terminology, “Officially Amazing.” The Center is a large-scale scientific, educational, and museum complex initiated in 2017 under the leadership of President Shavkat Mirziyoyev and completed on March 17, 2026. It was conceived as a platform combining research, cultural heritage, and modern technologies, aimed at showcasing the history and contributions of Islamic civilization. The project reflects a wider policy under Mirziyoyev of positioning Uzbekistan not only as a historical center of Islamic scholarship but as a modern platform for its study and interpretation. Chief architect, Abdukakhor Turdiev, said the project reflects Uzbekistan’s historical and cultural legacy. “The uniqueness of the Center lies in the fact that its architecture reflects the rich culture and heritage of Uzbekistan,” he said, adding that the country is increasingly positioning itself as an active participant in global cultural dialogue. Across Central Asia, governments have increasingly used large cultural projects to reinforce national identity and attract international attention, but Uzbekistan has placed particular emphasis on linking heritage with scholarship and global engagement. According to officials, the complex has quickly become one of the most visited cultural sites in the region, receiving up to 5,000 visitors daily, including both locals and international tourists. That scale suggests the Center is intended not only as a museum, but as a flagship institution shaping how both domestic and international audiences understand the region’s intellectual and cultural history. Director Firdavs Abdukhalikov described the award as recognition of years of work by hundreds of specialists. He said the Center’s primary goal is to support scientific and educational projects while preserving and promoting Uzbekistan’s cultural heritage. Beyond its record-setting size, the Center reflects Uzbekistan’s broader effort to reclaim and reinterpret its place in the history of Islamic civilization. By combining scholarship, state backing, and public accessibility, it positions cultural heritage as both a foundation of national identity and a tool of international engagement.

2 months ago

Pakistan Sends First Transit Shipment to Uzbekistan via Iran Corridor

Pakistan has launched trade operations under the Pakistan-Iran transit corridor, dispatching its first export consignment to Tashkent in Uzbekistan via Iran, Pakistan Today reported, citing customs officials. According to the report, the inaugural shipment consisted of frozen meat transported in refrigerated trucks. The cargo departed from Pakistan and is being routed through Gwadar and Iranian territory before reaching Central Asia. Officials say the corridor is intended to facilitate overland trade and provide an alternative to maritime routes. Sanaullah Abro, Director General of Transit Trade Customs, said the corridor has been operationalized under the TIR (Transports Internationaux Routiers) system, which enables goods to move across multiple countries with minimal customs checks. He added that key border crossing points including Taftan, Rimdan, Sost, and Gwadar, have been activated for TIR transit, with procedures streamlined to support faster cargo movement. At a launch ceremony, Abro and Director of Transit Muhammad Rashid formally flagged off the first consignment. Officials described the initiative as part of broader efforts to strengthen Pakistan’s trade connectivity with Central Asia and reduce logistics costs. Sources cited by Pakistan Today said the new route offers a more economical option for exporters and is expected to shorten transit times while easing pressure on maritime trade routes. The corridor may also increase traffic through Pakistan’s ports and support export growth. The development comes as Pakistan seeks to expand its economic engagement with Central Asia, including Uzbekistan. As previously reported by The Times of Central Asia, bilateral trade between the two countries reached nearly $500 million last year, with around 230 companies with Pakistani capital currently operating in Uzbekistan. Cooperation spans sectors such as textiles, pharmaceuticals, agriculture, and chemicals. Both sides have agreed to work toward increasing trade turnover to $2 billion in the near term. Measures under discussion include expanding the list of goods covered by the Preferential Trade Agreement, easing phytosanitary requirements, and strengthening trade infrastructure, including Uzbekistan’s trade houses in Lahore and Karachi.

2 months ago

Russia Signals Readiness to Train Turkmen Cosmonaut

Russia is prepared to support the training of a Turkmen cosmonaut if Turkmenistan expresses interest, Russian Ambassador Ivan Volynkin said on April 10 in Ashgabat. The statement was made during a ceremony marking the 65th anniversary of the first human spaceflight, during which participants laid flowers at a bust of Yuri Gagarin. The remarks were reported by the Russian Embassy’s official Telegram channel. Volynkin highlighted the achievements of Oleg Kononenko, a native of Turkmenabat in Turkmenistan, who holds the record for the longest cumulative time spent in orbit, exceeding 1,100 days. He currently heads the Gagarin Cosmonaut Training Center. According to the ambassador, cooperation between Russia and Turkmenistan in the space sector holds significant potential. He said Moscow is ready to collaborate with Ashgabat on satellite production and launches, navigation technologies, and joint scientific research. The statement comes amid intensifying global competition in space, as more countries seek to expand their presence in orbit. Previous reporting has noted that major powers, including the United States, China, Russia, and European countries, are pursuing differing space strategies, while middle-income states increasingly view space as a means of economic development and technological advancement. In Central Asia, this trend is most evident in Kazakhstan, which is developing its satellite capabilities while continuing to utilize infrastructure such as the Baikonur Cosmodrome.

2 months ago

ADB Growth Forecast Points to Strong Expansion in Tajikistan

Asian Development Bank (ADB) forecasts that Tajikistan’s economy will maintain strong growth over the next two years, driven primarily by industrial expansion and the services sector. In its latest Asian Development Outlook (April 2026), the bank projects that gross domestic product will grow by 7.3% in 2026 and 6.8% in 2027. This follows an estimated 8.4% expansion in 2025, indicating a slight moderation but continued robust performance. ADB attributes the outlook to improving industrial competitiveness and rising value-added production, which are expected to support long-term economic development and job creation. “Tajikistan’s strong growth opens up opportunities to accelerate job creation,” said Ko Sakamoto, ADB country director for Tajikistan. “By developing competitive, value-adding industries from food processing and textiles to mineral products, the country can translate growth into more and better jobs.” At the same time, inflation is projected to rise to 4.0% in 2026 and 4.5% in 2027. According to ADB, this increase will be driven by stronger consumer lending, remittance inflows, higher public sector wages, supply chain pressures, and adjustments to utility tariffs. The bank noted that the outlook remains subject to revision given the uncertain regional environment. Despite recent gains, ADB cautioned that Tajikistan’s economic structure remains vulnerable. While industrial output has grown, the country continues to depend heavily on a narrow range of products. Exports are dominated by raw materials and low- to mid-level processed goods, with higher value-added manufactured products accounting for less than 10% of total merchandise exports. To address these challenges, the report recommends a broader, ecosystem-based industrial policy. This would involve support for specific sectors, along with improvements in infrastructure, workforce skills, access to finance, and the overall business environment. ADB’s earlier assessments highlight mixed socioeconomic trends. While poverty has declined significantly from 30.9% in 2020 to 19.9% in 2024, inequality and structural constraints continue to pose challenges to long-term development.

2 months ago

Uzbekistan Moves Forward with $6 Billion Biofuel Project in Khorezm

Uzbekistan has announced a major step toward developing large-scale clean energy infrastructure with the signing of a binding implementation agreement for a $6.08 billion biofuel project in the Khorezm region. The Project Implementation Agreement (PIA) was signed between Allied Biofuels FE LLC and the regional government of Khorezm, formalizing plans to build what the developers describe as Central Asia’s first integrated biofuel refinery. The agreement was concluded on April 2 in Perth, Australia, by Khorezm regional governor Jurabek Rakhimov and Alfred Benedict, chairman and general director of Allied Biofuels. According to Allied Biofuels, the project has been granted special economic zone status under a presidential decree, providing tax exemptions and customs incentives aimed at ensuring long-term financial stability and investor confidence. Once completed, the facility is expected to produce sustainable aviation fuel (SAF), electro-synthetic SAF (e-SAF), and green diesel at an industrial scale. Annual output is projected to reach approximately 160,400 tonnes of SAF, 257,000 tonnes of e-SAF, and 5,040 tonnes of green diesel. The refinery will be supported by a large renewable energy system, including battery storage and hydrogen production capacity. The project also incorporates a closed-loop model that converts biogenic carbon dioxide into fuel while using agricultural feedstock as a primary input. Officials say the initiative is designed not only to produce fuel but also to strengthen industrial capacity and introduce advanced technologies. The construction phase alone is expected to generate around 2,000 direct and indirect jobs. Speaking at the signing, Rakhimov said the project would help build a “high value-added industrial chain” in the region and expand export potential. He added that cooperation with Allied Biofuels would support the transfer of advanced green technologies and position Khorezm as “an emerging international hub for green industry.” Benedict described the agreement as “a defining moment” for both the company and the broader clean energy sector. “This project sends an unambiguous message to the global investment community, Uzbekistan is not merely open for business; it is ready to lead,” he said. The project is being developed in partnership with international technology providers, including hydrogen systems supplied by Plug Power. Advisory support for the transaction was provided by Affinity Capital Group.

2 months ago

Uzbekistan’s International Reserves Decline After Seven Months of Growth

Uzbekistan’s gold and foreign currency reserves declined in March after seven consecutive months of growth, according to data released by the Central Bank. As of April 1, the country’s total international reserves stood at more than $68.99 billion, marking a monthly decrease of over $8.09 billion, or around 10%. The Central Bank attributed the drop primarily to a fall in global gold prices during March, when the price per ounce declined from $5,174.1 to $4,553.95. Gold remains the largest component of Uzbekistan’s reserves. Its total value fell by $6.82 billion to $60.85 billion, ending an eight-month growth streak. At the same time, the physical volume of gold held by the Central Bank continued to increase, rising by 0.3 million troy ounces to reach 13.4 million troy ounces, or approximately 416.8 tons. Foreign currency reserves also declined over the same period. In March, they dropped by $1.26 billion, or 14.3%, to $7.57 billion. Of this amount, $1.3 billion is held in foreign central banks and the International Monetary Fund, while $4.71 billion is deposited in foreign commercial banks. In addition, the value of foreign securities purchased by the Central Bank reached $1.545 billion, accounting for 2.24% of total reserves. The latest figures follow a period of strong growth in Uzbekistan’s reserves. As previously reported by The Times of Central Asia, the country’s international reserves rose sharply in 2025, increasing by $25.1 billion to reach a record $66.3 billion as of January 1, 2026. This growth, equivalent to a 61% increase over the year, was largely driven by high global gold prices, alongside gains in foreign currency holdings.

2 months ago