Page 2 – The Times Of Central Asia

15 Dec 2025

Business & Economy, Uzbekistan, Uzbekistan Business & Economy

World Bank Approves $250 Million Loan to Expand Student Financing in Uzbekistan

December 15, 2025
By Sadokat Jalolova

The World Bank has approved a $250 million loan to support Uzbekistan’s ambitious reform of its student financing system, the institution announced on December 11. The funding will back the Edulmkon Program, a three-year initiative aimed at expanding equitable access to higher and vocational education across the country.

Scheduled for implementation between 2026 and 2028, the program is expected to benefit approximately 600,000 young people. Roughly 80% of the loan will be allocated to tuition loans for students from low-income families and for women, groups that continue to face significant barriers to accessing higher education.

Uzbekistan, home to around 10 million people aged 14 to 30, has made educational reform a national priority in recent years. This push has led to a surge in the number of universities and vocational institutions, as well as a dramatic rise in enrollment. Between 2017 and 2024, youth participation in higher education increased from 8% to 48%.

However, the rapid expansion has exposed weaknesses in the country’s student loan system, which is based on state subsidized loans issued through commercial banks. The World Bank has noted that the current model is not well aligned with labor market needs, as loans are not directed toward high demand fields such as science, technology, engineering, and mathematics (STEM), as well as information and communication technology (ICT).

This misalignment has contributed to graduate underemployment, while gender disparities persist. Although women represent more than half of all university students and are the primary recipients of tuition loans, only one-third of female students are enrolled in STEM disciplines.

The Edulmkon Program, to be led by the Ministry of Economy and Finance, will address these challenges through a series of reforms. These include modernizing tuition loan management, improving inter-agency coordination, and launching a centralized digital platform to streamline loan processing and improve transparency. The program will also revise eligibility and subsidy criteria to better serve vulnerable students.

A cornerstone of the reform is the introduction of an income-contingent loan system, where repayments are based on a graduate’s income. This approach is designed to protect low-income borrowers and those facing temporary unemployment after graduation.

By the end of 2028, students are expected to access loans through 12 participating commercial banks operating in coordination with the Ministry. The World Bank also noted that the program aims to attract approximately $30 million in private capital, reducing fiscal pressure on the state while expanding access to education financing.

15 Dec 2025

Home, Justice, Uzbekistan, Uzbekistan Lead Story, Uzbekistan Justice, Features

Uzbek Student Among Two Killed in Brown University Shooting

December 15, 2025
By Sadokat Jalolova

Two students were killed, and nine others were injured in a shooting on the campus of Brown University in Providence, Rhode Island, a tragic event that has drawn international attention. Uzbekistan’s Ministry of Foreign Affairs has confirmed that one of the deceased was an Uzbek national.

The shooting occurred overnight on December 13-14 at the Ivy League institution. The death of Muhammad Aziz Umurzoqov was first reported by family members through a fundraising appeal on the GoFundMe platform and later officially confirmed by the press secretary of Uzbekistan’s Foreign Ministry.

In the GoFundMe statement, Umurzoqov was remembered as a kind, intelligent, and compassionate young man who dreamed of becoming a neurosurgeon. “He always lent a helping hand to anyone in need without hesitation,” the family wrote. As of 10:30 a.m. Uzbekistan time on December 15, donations had reached $171,326. The family stated that a portion of the funds would be donated to charity in his name.

Initial reports from CNN, citing law enforcement sources, indicated that a 24-year-old man from Wisconsin had been detained in connection with the incident. However, Brown University later clarified that the man had been released. In an official statement, the university said Providence police had found “no basis” to consider him a person of interest, a conclusion also confirmed by the Rhode Island Attorney General.

Brown University confirmed that two students were fatally shot, while nine others sustained injuries ranging from minor to critical. Law enforcement authorities have stated there is no immediate threat to the campus or surrounding community, though the investigation remains ongoing.

Providence police are leading the investigation in coordination with local, state, and federal agencies. In response, Brown University has significantly increased its on-campus police presence, with the Department of Public Safety more than doubling its staff. Authorities have established a dedicated tip line and urged anyone with relevant information to contact the Providence Police Department.

University officials have reiterated their commitment to campus safety and urged students, faculty, and staff to remain alert as the investigation progresses.

15 Dec 2025

Life & Culture, Kazakhstan Life & Culture, Kazakhstan

Almaty Hosts Winter Edition of Day J With JingleBendz 2025

December 15, 2025
By Vagit Ismailov

On December 12, Almaty hosted the winter edition of Day J, a festive gathering titled JingleBendz 2025 that brought together journalists, public relations specialists, editors, bloggers, and communications professionals from across the country.

This year, organizers chose a “Multiverse” theme. Guests arrived dressed as characters from Disney films, anime, and Soviet era cartoons, giving the evening a playful, informal atmosphere.

Beyond the entertainment, JingleBendz 2025 served a familiar role in the communications community, a year end moment to take stock of professional milestones and recognize standout work. Informal awards were presented to individuals and teams across several categories.

The event was supported by partners and sponsors including Yandex Qazaqstan (general sponsor), Oriflame, KAZ Minerals, First Brewery (Heineken), RG Brands (Salaam Premium Cola), and the VNV Club.

@2BAgency

Awards and winners at JingleBendz 2025:

Wisest Advisor: Aibar Olzhai, OSCE consultant on national communications in Kazakhstan
Most Useful Media Outlet of 2025: Digital Business editorial team, led by Vitali Valianiuk (collective nomination from Yandex Qazaqstan)
Most Determined Media Manager: Samal Ibrayeva, founder of Ulysmedia and National Business
Most Productive Editor in Chief: Saida Suleeva, Tribune
Most Responsive Journalist: Nazira Darimbet
Grand Prix, Most Popular Expert: Dosym Satpayev, political scientist, publicist, and publisher

Media support was provided by Times of Central Asia, Tribune, BesMedia, Kapital, Zakon.kz, Kursiv, Shishkin_like, National Business, BlueScreen, Profit, Finratings, CheckPoint, newtimes.kz, and aleminform.kz.

@2BAgency

Day J and JingleBendz are held twice a year in Almaty, Astana, and regional centers. Now in its 11th year, the initiative has become a key platform for informal networking, partnership building, and recognition within the communications sector. It also functions as a testing ground for new ways of connecting media outlets, public relations agencies, and brands.

15 Dec 2025

Life & Culture, Kazakhstan Life & Culture, Kazakhstan

Özgecan Kesici-Ayoubi on How the Alash Movement Is Studied in the West

December 15, 2025
By Duisenali Alimakyn

Özgecan Kesici-Ayoubi is a poet and academic whose work bridges literature and Kazakh intellectual history. Though born and raised in Europe, her writing and scholarship show a deep affinity with the Kazakh people.

Her early poetry earned attention and acclaim, and during her university studies she began researching the Alash Movement, work that culminated in a PhD completed in Ireland. We recently spoke with her in a short but insightful interview.

TCA: Your academic research focuses on the Alash Party. How did you come to choose this topic while studying in a Western country?

Özgecan: Growing up as a Kazakh in Germany, I was always interested in the formation of my identity and cultural heritage. I studied Political Science at both undergraduate and master’s level, and for my master’s thesis, I explored the process of Kazakh nation-building after independence. I then wanted to delve deeper into the foundations of the modern Kazakh nation, which I believe were significantly shaped by the Alash movement in the early 20th century. In Sociology, there’s a major subfield focused on the historical sociology of nations and nationhood, which I used as a framework to study the Alash movement.

TCA: In developed countries, academic standards are typically very high. What kind of support did your supervisor provide?

Özgecan: My supervisor, Professor Siniša Malešević, is a Full Professor of Comparative Historical Sociology at University College Dublin. He was extremely supportive of my research. His expertise in historical sociology and theories of nationalism gave me the academic guidance I needed. Moreover, Ireland’s own colonial past means that its universities have research profiles that aligned well with my work on the Alash movement.

TCA: Conducting research on the Alash movement from abroad must have presented challenges. How did you overcome them?

Özgecan: It’s important to note that my research was sociological, not purely historical. I wasn’t aiming to discover new archival materials but rather to position the Alash movement within the broader sociological field of nations and nationalism and explore its theoretical implications. That said, I did require primary sources, which I accessed during fieldwork. I connected with local Kazakh scholars who helped me find the necessary materials and books, and I’m very grateful for their support.

TCA: Are Western scholars aware of the Alash intellectuals’ civic ideals and national identity struggles? Has the topic been studied where you lived?

Özgecan: In Ireland, where I was based, the topic hadn’t been studied. However, the Alash movement has been examined by a number of Western scholars. When I began my PhD, several articles and dissertations had already been written in English, many by Kazakh scholars themselves.

TCA: You previously mentioned you’re working on a book. Can you tell us more about it?

Özgecan: Since completing my PhD, I’ve been writing a novel based on my grandparents’ migration from the Altay region in China during the 1930s to Turkey and later the West. The novel is written from a female perspective.

TCA: I’ve read your poems. What inspired your shift from poetry to academic research?

Özgecan: I wrote my first poem at sixteen and haven’t stopped since. There are periods when I write more or less, but I believe poetry will always be a part of my life.

TCA: Do you think Kazakhs living in Europe risk losing their language and ethnic identity?

Özgecan: Since the rise of the internet and social media, young Kazakhs in Europe have increasingly found representation in pop culture, arts, and sports. This visibility is significant, I know it would have helped me when I was younger. Many now follow and enjoy Kazakhstan’s emerging indie music scene.

TCA: What do you believe are the most important qualities for a scholar?

Özgecan: Openness to collaboration is crucial. It allows for the discovery of new insights and helps uncover parts of history that have remained hidden, especially in Kazakhstan. Supporting the next generation of scholars is also vital. I see my own supervisor as a role model in this regard.

TCA: You’re also a mother. How do you balance academic life with family responsibilities?

Özgecan: Would I be asked this question if I were a father, I wonder? Still, I understand why it’s asked, despite formal equality, women often carry the greater burden of caregiving. I’m only able to balance my academic and creative work because my husband believes in the value of what I do. He takes on more caregiving when necessary and supports equal opportunities as much as I do.

TCA: How important is science for a nation striving for progress?

Özgecan: Science is vital, it is the future. In the context of climate change and shifting geopolitical dynamics, science enables nations to imagine new futures. Historical sociology is equally important to understand our colonial past and envision a decolonized future.

TCA: You’ve launched a podcast series on Kazakh culture. What is the aim of this project, and who is your audience?

Özgecan: The podcast, which I co-host with my friend Merey Anas, a psychologist and artist, explores the cultural differences we’ve experienced as Kazakhs raised in Europe and Kazakhstan. We examine social, cultural, and historical themes through our professional lenses as sociologists and psychologists. As artists from interdisciplinary backgrounds, we aim to reach Kazakhs who’ve lived abroad as well as an international audience interested in Kazakh experiences.

15 Dec 2025

Home, Turkmenistan Justice, Justice, Turkmenistan, Turkmenistan Features, Features

Turkmenistan Denies Early Release to Activist Mansur Mingelov Despite Serious Illness

December 15, 2025
By Vagit Ismailov

Turkmenistan’s Ministry of Internal Affairs has rejected a request to initiate early release procedures for imprisoned human rights activist Mansur Mingelov, despite his confirmed serious medical diagnosis and the legal provisions that would permit such action.

According to an official response dated October 20, the Department for the Enforcement of Sentences under the Ministry of Internal Affairs concluded there were “no grounds” for early release. The response followed appeals by Mingelov’s family to the Prosecutor General’s Office and the Ministry of Internal Affairs, citing his deteriorating health and referencing multiple legal articles supporting their request.

Mingelov, who has been imprisoned since 2012, was convicted after defending his own rights and those of the Baloch minority in Turkmenistan. His family cited Article 76 of the Criminal Code (“Release from punishment due to serious illness”) and Article 166 of the Criminal Enforcement Code (“Grounds for release from serving a sentence”), as well as Presidential Decree No. 202 of May 11, 2017, which outlines the medical criteria for such releases.

In mid-2024, a commission from the Ministry of Health officially diagnosed Mingelov with tuberculous arthritis in both knees, a condition that, according to doctors, cannot be treated inside Turkmenistan. He is currently being held at the MR-B/15 prison hospital.

Notably, Vepa Hajiyev, Turkmenistan’s permanent representative to the United Nations, publicly acknowledged Mingelov’s diagnosis and affirmed that national legislation provides for the release of prisoners with serious illnesses upon court approval.

Under existing law, a court can only consider such cases after receiving a joint submission from the prison monitoring commission and the sentencing authority – a process Mingelov’s family attempted to initiate but which authorities declined to advance.

Despite the official diagnosis and detailed legal framework, no follow-up medical examination or formal review of Mingelov’s health condition has been conducted, according to the independent outlet, turkmen.news.

Mingelov’s relatives argue that the Ministry’s refusal is not based on medical or legal grounds, but rather political calculation. They note that Mingelov has served more than half of his sentence, one they consider to be politically motivated and unlawful, and that his condition meets all criteria for early release.

In their view, the key decision lies with Turkmen President Serdar Berdimuhamedov. Human rights organizations and family members suggest that releasing Mingelov, along with other political prisoners, could help improve Turkmenistan’s international standing by showing a willingness to respect its own laws and humanitarian obligations.

For now, the contradiction remains stark: the illness is acknowledged, the law is in place, and the legal procedure is defined, yet no action has been taken.

15 Dec 2025

Home, Opinion Head, Uzbekistan, Uzbekistan Opinions, Uzbekistan Features, Business & Economy, Uzbekistan Business & Economy, Opinions

Opinion: Is Uzbekistan Importing a Future Crisis?

December 15, 2025
By Times of Central Asia

Once hidden from the view of international investors, Uzbekistan is rapidly rewriting its economic narrative. Over the past eight years, the nation attracted over $113 billion in foreign investment, drawing financial firms and mutual funds eager to seize the momentum of Tashkent’s trade liberalization and its ambition to double GDP by 2030. And rightly so; 40% of the country’s population, which is the largest in Central Asia, is under the age of 25, while its gold production is within the top ten globally.

Uzbekistan is in its breakout moment. With Uzbek bonds receiving a further upgrade to a BB rating from both Fitch and S&P Global, comparisons to Vietnam or Indonesia no longer seem aspirational.

However, the question remains: Is Uzbekistan ready to set foot on the financial global stage, and, more importantly, is it structurally equipped to stay there?

Amidst its sweeping economic transformation, IMF officials have warned the administration to remain vigilant against economic shocks beyond its control: volatile commodity prices, contractions in foreign investor liquidity, and consequently, tighter external financing. These warnings are not theoretical. They come from decades of IMF experience with financial crises in other emerging markets, such as the Latin American debt crises in the 1980s, the “Tequila Crisis” in 1994, and the “Asian Flu” in 1997.

In those historic cases, newly liberalized economies suffered not because they lacked growth, but because they lacked a defense against the liquidity cycle. The economic reality is that global capital flows are often driven by decisions made in New York or London, not Tashkent.

This economic phenomenon is often explained by the “liquidity model,” which argues that changes in exogenous liquidity conditions – driven by the economic situation of investor countries – shape capital flows into emerging markets. Thus, without sufficient financial market depth, emerging capital markets cannot absorb external shocks. And when global liquidity tightens, these flows can abruptly reverse, resulting in prolonged economic instability and loss of monetary sovereignty.

The sequence unfolds as follows: capital inflows surge and balance-sheet vulnerabilities quietly build up; then an external shock – such as a monetary tightening in the creditor economy – causes inflows to slow; the local currency depreciates; and a feedback spiral of declining confidence and weakening balance sheets pushes the economy into crisis. Currency loses trust, struggles to recover, and money flees.

Some initial signs of this pattern can be observed in Uzbekistan’s current boom. The economy is increasingly reliant on foreign borrowing: external debt as a share of GDP rose from 24.7% in 2017 to 61.4% in 2024, reaching $78.5 billion by June 2025. According to CEIC benchmarks, this

level is already comparable to Poland’s 51.8% and Malaysia’s 69.9%, and now exceeds Kazakhstan’s 59.2%, reflecting growing dependence on financing from the World Bank, Eurobond investors, and major East Asian institutions.

High debt levels alone do not necessarily imply instability. They can reflect efforts to accelerate domestic development. The real source of fragility in past crises was not the volume of debt but its denomination. When obligations are in foreign currencies, a country becomes acutely sensitive to the economic conditions of its lenders.

To illustrate, if the Uzbek Som were to depreciate suddenly due to a commodity price shock, such as a drop in gold, the public would likely rush to buy dollars, creating a feedback loop that weakens the currency even further. Simultaneously, the cost of servicing foreign debt would spike, as every dollar of repayment would require more Som. Today, approximately 60% of Uzbekistan’s government debt is denominated in U.S. dollars.

To ensure rapid recovery from inevitable external shocks, Tashkent must shift its strategy from pure growth to structural resilience. This requires building fiscal buffers now to allow for counter-cyclical spending during downturns, rigorously stress-testing the banking sector to prevent systemic credit freezes, and maintaining a flexible exchange rate to act as a natural safety valve against global volatility.

Is Uzbekistan importing a future financial crisis? In practice, no country can be fully immunized against global volatility. Yet, history has proven that the FDI model is indispensable for rapidly improving the standards of living for citizens. The question is not if Uzbekistan should take the money, but how it manages the flow and prepares for the worst-case scenario.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of the publication, its affiliates, or any other organizations mentioned.