• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10844 -0.46%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
09 December 2025

ADB Approves $300 Million Loan to Support Small Business Growth in Uzbekistan

The Asian Development Bank (ADB) has approved a $300 million policy-based loan to boost the development of micro, small, and medium-sized enterprises (MSMEs) in Uzbekistan, with a particular focus on women-led businesses. The bank announced the decision on November 12.

Of the total funding, $100 million will be provided on concessional terms to expand access to finance for MSMEs and strengthen Uzbekistan’s microfinance sector.

The loan forms part of the second phase of the ADB’s Inclusive Finance Sector Development Program, which builds on earlier efforts to improve the legal and institutional framework for inclusive finance in the country. Key reforms have included raising the ceiling on microloans, modernizing microfinance regulations, joining the Women Entrepreneurs Finance Code, and introducing frameworks for Islamic microfinance.

“ADB is proud to support Uzbekistan’s transition to a more inclusive and market-based financial system,” said ADB Country Director for Uzbekistan Kanokpan Lao-Araya. “This program will help unlock access to finance for the self-employed and microentrepreneurs, promote gender equality, and strengthen consumer protection in the financial sector.”

The latest phase of the program introduces new policy measures aimed at enhancing responsible lending, regulating emerging products such as “buy now, pay later” services, and strengthening digital financial supervision. It also advances gender equality by supporting sectoral policies that implement gender-based financing quotas and improve the reporting of sex-disaggregated data.

An evaluation of Uzbekistan’s National Financial Inclusion Strategy (2021-2023) revealed that 60 percent of adults now hold accounts with formal financial institutions, a significant gain attributed to rapid digitalization. The new program aims to further modernize the microfinance sector by allowing the creation of deposit-taking microfinance banks, two of which have already received preliminary licenses.

This year marks the 30th anniversary of ADB-Uzbekistan cooperation. Since 1995, the bank has committed $14.6 billion in loans, grants, and technical assistance to the country.

Uzbekistan has also been selected to chair the ADB Board of Governors for 2025-2026. Samarkand is set to host the ADB’s 59th Annual Meeting in May 2026.

Kazakh Lawmakers Seek Ban on Unscrupulous Mining Companies

Bakytzhan Bazarbek, a member of the Mazhilis, the lower house of Kazakhstan’s parliament, has proposed the creation of a national register of unscrupulous subsoil users, calling for companies that violate environmental or legal norms to be suspended from operating at deposits for up to five years.

His comments came during parliamentary discussions of proposed amendments to Kazakhstan’s legislation on subsoil and subsoil use, submitted by the government earlier this week. Bazarbek argued that the proposed changes fail to address the industry’s systemic problems.

Citing satellite monitoring data, Bazarbek said around 2,500 cases of illegal subsoil use have been recorded across the country. He pointed to widespread violations such as unreclaimed land, contaminated soil, and abandoned quarries, problems he attributed to the “excessive liberality” of the current legal framework.

“The Subsurface Use Code was pushed through by oligarch lobbyists. It hasn’t fulfilled its intended purpose and was adopted in the interest of a narrow circle, citing models from Australia and Canada. As a result, most extraction revenues go to foreign investors, while the state receives only 7-8%. Why should we adhere to international standards that harm national interests?” Bazarbek said.

He called for a registry of violators, where subsoil users found guilty by court could be suspended from mineral extraction activities for up to five years. He also urged stronger criminal penalties for violations in the subsoil sector.

“Currently, the punishment is three to seven years. That is too lenient. It should be increased to between three and fifteen years of imprisonment,” he said.

Bazarbek further proposed harsher penalties for concealing information and for conducting illegal mining without licenses or contracts, and called for reforms to streamline appeals against decisions by state bodies regulating subsoil use.

Government Response

Speaking during the plenary session, Vice Minister of Industry and Construction Iran Sharkhan said the government intends to deny licenses to companies that have previously failed to meet financial obligations.

“If a company or its affiliates have not paid the subscription bonus after winning an auction in the past five years, they will be barred from receiving a license to explore solid minerals. These companies will also be prevented from acquiring subsoil rights from third parties,” Sharkhan said.

He highlighted that a unified digital platform for subsoil use was launched in 2024, automating much of the mineral exploration and extraction process.

“Currently, the platform provides 22 public services. Its interactive map indicates zones available for exploration and those closed to issuance, such as settlements, national parks, nature reserves, and defense lands. The system will also manage the turnover of subsoil areas following the termination or liquidation of previous rights,” Sharkhan added.

As previously reported by The Times of Central Asia, Kazakhstan attracted over $150 million in geological exploration investment in 2025 and aims to maintain that level through the end of the year.

Japanese Grant Program to Fund School Construction and Hospital Modernization in Tajikistan

Japan has committed around $230,000 in grant funding for two new social infrastructure projects in Tajikistan, aimed at enhancing education and healthcare in regions impacted by the April 2025 earthquake.

A formal signing ceremony took place in Dushanbe, where Japanese Ambassador Keiko Furuta and representatives of the beneficiary organizations signed two grant agreements under Japan’s Grant Assistance for Grassroots Human Security Projects (GGP) program.

The funding will support the following initiatives:

  • Construction of a new school in Vahdat village, Tajikabad district – $128,739
  • Modernization of medical equipment at the Central Hospital in Istiklol – $99,960

Speaking at the event, Ambassador Furuta highlighted Japan’s long-standing partnership with Tajikistan.

“Japan has supported the people of Tajikistan across various sectors for more than 30 years. We hope these projects will be implemented as planned and bring tangible benefits to the public, particularly those affected by the recent earthquake,” she said.

Furuta emphasized that Japan’s development assistance aims to improve safety, infrastructure quality, and overall public well-being.

Since 1996, Japan has implemented 470 humanitarian projects in Tajikistan under the GGP, with a cumulative value of $39.2 million.

Russia’s Amur Tigers to Aid Restoration of Tiger Population in Kazakhstan

Kazakhstan and Russia have signed a formal action plan to reintroduce Amur tigers into Kazakhstan, marking a key step in restoring the region’s long-extinct Turan tiger population.

On November 12, Kazakhstan’s Ministry of Ecology and Natural Resources and Russia’s Ministry of Natural Resources and Environment agreed to transfer four Amur tigers, two males and two females from Russia to Kazakhstan. The animals will be relocated to the Ile-Balkhash State Nature Reserve in southern Kazakhstan, where they will undergo adaptation to local ecological conditions.

According to Kazakhstan’s Ministry of Ecology, the reintroduction plan is scientifically supported. The now-extinct Turan tiger once roamed across Central Asia, the Caucasus, and northern Iran. Biologists believe that the Turan and Amur tigers, the latter native to Russia’s Far East, share the same genetic lineage. This provides a basis for using Amur tigers to revive the Turan population in Kazakhstan.

Under the agreement, Russia will be responsible for veterinary oversight and transportation, while Kazakhstan will manage accommodation and post-transfer monitoring. The initiative is being implemented with support from the World Wildlife Fund (WWF) and the United Nations Development Programme (UNDP).

In September 2024, two Amur tigers, a male and a female, were already transferred to the Ile-Balkhash Reserve from the Landgoed Hoenderdaell Zoo in the Netherlands. They are currently housed in a specially designed enclosure for breeding, with the aim of releasing their offspring into the wild. If successful, their cubs would be the first wild tigers to return to Kazakhstan in over 70 years.

The southern shore of Lake Balkhash, located in the Ili River delta, was selected as the optimal site for tiger reintroduction. The Ile-Balkhash Reserve was created to rehabilitate the degraded ecosystems of the southern Balkhash region, with particular emphasis on restoring the tiger’s natural prey base.

The reserve encompasses the last intact river delta in Central Asia, the Ili River Delta, whereas other major deltas such as those of the Syr Darya, Amu Darya, and Chu rivers have been severely degraded due to desertification.

Officials say enhancing the prey base and preserving the area’s remoteness will help prevent human-wildlife conflict. Historically, Turan tigers inhabited reed beds and floodplain forests along the Ili and Syr Darya rivers.

Tiger extermination in Kazakhstan began in 1891, when organized military hunts were conducted. The extinction of key prey species, including Bukhara deer, goitered gazelles, saigas, kulans, roe deer, and wild boars, combined with habitat loss, ultimately led to the disappearance of the Turan tiger by 1948.

This is not Kazakhstan’s first species reintroduction effort. In June 2024, the country successfully reintroduced the first group of Przewalski’s horses to the Altyn Dala Nature Reserve in the Kostanay region. The horses were transported from the Prague Zoo.

Vaccine Refusals Nearly Quadruple in Kazakhstan Over Eight Years

The number of vaccine refusals in Kazakhstan has surged nearly fourfold over the past eight years, according to Sarkhat Beisenova, Chair of the Sanitary and Epidemiological Control Committee at the Ministry of Health.

Speaking at a recent briefing, Beisenova said the rise in vaccine hesitancy reflects a broader global trend that has also taken hold in Kazakhstan.

“If we compare with 2017, the number of refusals has increased by a factor of 3.8. At that time, around 5,300 individuals declined vaccination; this year, nearly 20,000 have already been registered. The increase is evident,” she said.

Beisenova noted that refusals span all types of vaccinations, except for flu shots, which, she said, no one has refused this year.

As part of the country’s guaranteed volume of free medical care, the government purchased 2.1 million doses of the Grippol+ influenza vaccine, enough to cover about 11% of Kazakhstan’s 20.5 million population. So far, 1.9 million people, or 9.4% of the population, have been vaccinated.

Free flu vaccination is offered to vulnerable groups, including healthcare workers, children with chronic illnesses, orphans, seniors over 65, people with disabilities, military personnel, pregnant women, and patients with cardiovascular or respiratory conditions.

“The World Health Organization forecasts that three strains of influenza, A (H1N1), A (H3N2), and B, will be dominant this season. All are included in the vaccine, which offers protection against severe forms of the disease,” Beisenova emphasized.

Since the start of the flu season, Kazakhstan has recorded 84 cases of COVID-19, alongside 150,600 cases of acute respiratory viral infection (ARVI) between October 30 and November 5. Since the beginning of autumn, the total has reached 1.2 million ARVI cases.

Laboratories have also confirmed 304 cases of influenza A (H3N2), with 173 occurring in children under the age of 14.

This year, the virus began circulating earlier than usual: the first cases appeared in early October, whereas last year’s outbreak began in November. According to Beisenova, this year’s strain is not new but consistent with typical seasonal influenza patterns.

Annually, Kazakhstan registers up to 4 million ARVI cases and around 2,000 cases of influenza, the Ministry of Health reported.

As previously reported by The Times of Central Asia, this year Kazakhstani citizens have also faced medicine shortages and a sharp rise in drug prices.

Kazakhstan, Russia Sign Comprehensive Strategic Partnership Declaration

Kazakh President Kassym-Jomart Tokayev and Russian President Vladimir Putin signed a declaration in Moscow on November 12, 2025, elevating their countries’ relationship to what they have dubbed a “Comprehensive Strategic Partnership and Alliance.” The document was signed at the Kremlin during Tokayev’s working visit to Russia at Putin’s invitation.

Ahead of the trip, Tokayev wrote in Rossiyskaya Gazeta that the new declaration “will open a new era in bilateral relations, confirming an unprecedented level of mutual trust and joint readiness for closer work in all areas.” Putin described Kazakhstan as one of Russia’s closest allies and said the agreement “outlines measures to enhance regional partnerships and border cooperation.”

Expanding Economic Cooperation

During the Moscow visit, both leaders highlighted growing economic links and gas supplies. Tokayev told Russian media that bilateral trade had reached almost $30 billion in 2024 and continued to rise through 2025. Putin noted that Russia remained Kazakhstan’s largest trading and investment partner, while Tokayev said he wanted to increase joint projects in energy, manufacturing, and transport.

Energy cooperation featured prominently. The two presidents discussed boosting Russian gas supplies to Kazakhstan’s northern and eastern regions and reaffirmed plans to build Kazakhstan’s first nuclear power plant in cooperation with Russia’s state company Rosatom. They also pledged to coordinate policies in the oil and electricity sectors and maintain stable operations of the Caspian Pipeline Consortium, which carries Kazakh crude to the Black Sea via Russia.

Education and technology links were also addressed; Tokayev pointed to new Russian university branches opening in Kazakhstan as evidence that bilateral cooperation extends beyond energy and trade into culture and science.

A Long Tradition of Partnership

Kazakhstan and Russia share a 7,600-kilometer border and economic and security ties through the Eurasian Economic Union and the Collective Security Treaty Organization. Their cooperation spans space exploration at the Baikonur Cosmodrome, industrial projects, and joint infrastructure development across Central Asia.

Tokayev’s government has framed the alliance as a natural evolution of their longstanding partnership. “Despite the complex international situation, interaction and cooperation are actively developing for the benefit of our people,” Tokayev stated.

Balancing Major Powers

While reinforcing ties with Moscow, Tokayev has also been extremely active in his diplomatic outreach with other world powers. Just days before his Russia trip, Tokayev and his Central Asian counterparts met U.S. President Donald Trump at the White House in a C5+1 summit marking ten years of U.S.-Central Asia cooperation. At that meeting, he welcomed what he called a new stage of engagement between Central Asia and the United States and oversaw new investment deals.

Earlier in 2025, Tokayev met Chinese President Xi Jinping in Astana during a China-Central Asia summit, where both sides praised record trade volumes and agreed to deepen collaboration in energy, logistics, and technology.

Kazakhstan’s leadership views these parallel partnerships as part of its long-standing multi-vector foreign policy – a strategy designed to maintain balanced relations with Russia, China, the U.S., and Europe – diversifying alliances and avoiding dependence on any single power.

Cautious Neutrality on Global Conflicts

Tokayev has taken a measured stance on Russia’s war in Ukraine. As previously reported by The Times of Central Asia, Tokayev recently stated that Kazakhstan “is not a mediator and does not see itself as such,” though it would be ready to host peace talks if both sides agreed and conditions allowed for genuine dialogue. This position typifies Kazakhstan’s pragmatic neutrality: maintaining long-standing ties with Russia while emphasizing respect for international law and peaceful solutions.

Strategic Meaning for Both Capitals

For Moscow, the new alliance helps demonstrate that Russia is not isolated, securing affirmation of partnership from one of its key neighbors. For Astana, it reassures Russia of continued cooperation while safeguarding the flexibility to engage the U.S., China, and Europe. The declaration can therefore be seen as reinforcing one part of Kazakhstan’s multi-vector policy rather than replacing it.

In practical terms, the declaration is expected to translate into expanded joint energy projects, infrastructure development, and continued political coordination within Eurasian institutions. In symbolic terms, it confirms that despite competing pressures, Kazakhstan will remain an ally of Russia while still pursuing its own independent course.

As the two presidents concluded their Moscow meetings, Putin accepted Tokayev’s invitation to a state visit to Kazakhstan in 2026. The exchange closed a week that encapsulated Tokayev’s diplomatic philosophy: keeping all doors open while reinforcing each pillar of Kazakhstan’s multi-vector policy.