• KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
14 December 2025

Uzbekistan needs quality jobs to support sustainable growth and development — ADB

TASHKENT (TCA) — Uzbekistan currently has a unique demographic window of opportunity as 500,000 youths will join the labor force annually over the next few years. Successfully integrating these job seekers to the labor market could transform Uzbekistan into a rapidly growing and diversifying economy. However, the country still needs to push ongoing reforms forward, particularly in creating quality employment opportunities, according to the Asian Development Bank’s (ADB) country diagnostic study on Uzbekistan.

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World Bank endorses new Country Partnership Framework for Tajikistan

DUSHANBE (TCA) — Tajikistan aims to achieve sustained economic growth, boost exports, and create more and better jobs for its citizens, through enhanced private-sector development and greater investment in human capital and public services. The World Bank Group will support Tajikistan in achieving these goals through its new Country Partnership Framework for the period 2019–23, endorsed on May 9 by the Group’s Board of Executive Directors, the Bank said.

The Country Partnership Framework supports Tajikistan’s efforts to complement its remittance-financed, import-reliant economic model with a focus on boosting private-sector development and exports. Tajikistan has an opportunity to reconnect to the legacy of the ancient Silk Road and capitalize on its resources, including abundant water and hydro-energy supplies, agriculture and food processing, minerals, and tourism. By improving the business environment and confidence among enterprises, Tajikistan can encourage private investments which would create greater opportunities for its young and growing population.

“Tajikistan has a window of opportunity to start transitioning toward becoming a continental energy and trade hub, with access to huge markets in South, East and Central Asia. This could help the country build the foundation of a modern economy that can generate wealth and employment to benefit all of its citizens,” said Jan-Peter Olters, World Bank Country Manager for Tajikistan. “At this stage of Tajikistan’s development, the country needs to expand contributions from a viable private sector, effective public institutions, and a healthy and productive population to reach its development goals in a changing global environment. The new Country Partnership Framework will provide support in these critical areas.”

Over the past decade, Tajikistan has made steady progress reducing poverty and growing its economy. Between 2000 and 2017, the poverty rate fell from 83 percent of the population to 29.5 percent, while the economy grew at an average rate of 7 percent per year.

However, the rate of job creation has not kept pace with the growing population, leaving the economy vulnerable to external shocks, while the role of the private sector in the economy remains limited, contributing to only 13 percent of formal employment and 15 percent of total investments. Non-monetary poverty indicators in rural areas remain high, with only 36 percent of the population in rural regions having access to safe drinking water.

Tajikistan’s high vulnerability to climate change and natural disasters represents an additional challenge to successful economic management. Between 1992 and 2016, natural and climate-related disasters caused GDP losses of around US$ 1.8 billion, affecting almost 7 million people.

To help Tajikistan address the challenges and capitalize on the opportunities, the new Country Partnership Framework aims to:

1. Build human capital, by investing in early childhood development programs, clean water, electricity supply, and employment and education opportunities for youth and women;
2. Improve the effectiveness of public institutions by increasing efficiency in the energy and water sectors, supporting financial stability; and
3. Foster private sector growth, boosting export potential and improving regional integration.

Tajikistan is a recipient of additional financing under the Risk Mitigation Regime (RMR), with which it seeks to strengthen resilience against risks of fragility. As part of the new Country Partnership Framework, activities funded by the Risk Mitigation Regime in Tajikistan will focus on creating better economic and employment opportunities for particularly vulnerable people in the most-at-risk regions of the country.

The five-year Country Partnership Framework will benefit from the three institutions of the World Bank Group—the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA)—and will be implemented in close coordination with local and international development partners.

IFC, with its focus on private sector development, will explore possibilities to improve the investment climate by addressing gaps in business related regulations and trade. As part of the new Country Partnership Framework, IFC will also support financial intermediaries in Tajikistan to boost their capacity to finance small and medium enterprises, while also exploring opportunities in the energy, transport and telecom sectors.

“With a key focus on improving the business environment so as to accelerate private sector-led growth, IFC is committed to creating markets and opportunities for private sector investments in Tajikistan,” said Manizha Mamadnabieva, IFC Tajikistan Country Officer.

The new strategy was prepared in close collaboration with the Government of Tajikistan and involved consultations with the private sector, civil society, academia, local experts, and development partners. It drew from critical analytical work, such as the Systematic Country Diagnostic, the Country Economic Memorandum, the Risk and Resilience Assessment Report, the Job Diagnostic and Strategy for Tajikistan, and other studies and reports. It is closely aligned with the goals of the 2030 National Development Strategy.

International organizations highly assess the Turkmen Lake project

ASHGABAT (TCA) — A briefing with the participation of heads of diplomatic missions accredited in Turkmenistan and representatives of foreign and national mass media was held in Serdar etrap, Balkan Velayat (province) concerning the project of Altyn Asyr Turkmen Lake in Karakum Desert as well as cooperation of Turkmenistan with specialized UN departments in the achievement of the Sustainable Development Goals, the State News Agency of Turkmenistan reported on May 8.

Representatives of international organizations including the UN Development Programme, the UN Conference for Trade and Development, the UN Food and Agriculture Organization, UN Environment Programme, UNESCO, UN Children Fund, the UN Regional Centre for Preventive Diplomacy for Central Asia, the UN Population Fund, World Health Organization, European Union, Organization for Security and Cooperation in Europe, International Fund for Saving of Aral Sea, World Bank, World Postal Association, Asian Development Bank, European Bank for Reconstruction and Development, German International Cooperation Society, Central Asian Regional Ecological Centre as well as the Guinness Record Book and foreign companies working in Turkmenistan took part in the press conference.

Welcoming the participants, Director of International University of Humanitarian Studies and Development E. Aydogdiyev said that Turkmenistan was one of the first countries in the world which adopted the SDGs at national level and actively participates in the implementation of the UN 2030 Global Agenda.

Permanent Coordinator of the UN in Turkmenistan Elena Panova noted dynamic and fruitful character of this old partnership.

The United Nations supports and is ready to help in attraction of modern ‘green’ technologies for the implementation of the projects related to the environment protection, rational use of water resources and their recycled use, Panova said.

Special representative of the UN Secretary General, Head of the UN Regional Centre for Preventive Diplomacy for Central Asia Natalya German expressed the gratitude to the Turkmen side for the opportunity to take part in the launch of construction of the first settlement in the heart of Karakum desert on the bank of artificial Altyn Asyr lake.

She said that this is not the first initiative of the Head of Turkmenistan for protection and rational use of water resources and ecology in the basin of the Aral Sea.

Head of the OSCE Centre in Ashgabat Natalya Drozd also highlighted that international community highly appreciates the efforts of the Government of Turkmenistan aimed at the promotion of the principles of water diplomacy and provision of environmental safety. These initiatives are to support the reduction of economic and ecological risks, provision of stability and prosperity of all countries in the region and their citizens.

Natalya Drozd confirmed that the OSCE Centre in Ashgabat would continue providing comprehensive support for the important work for provision of ecological safety in the region in the context of the mitigation of the impact of the climate change and promotion of efficient natural management including in the sphere of stable management of water resources.

Regional Coordinator of the UN Food and Agricultural Organization for Central Asia Viorel Gutu highlighted that the start of construction of new settlements near Altyn Asyr Turkmen Lake has a historical significance not only for Turkmenistan but for the entire region.