• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10861 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10861 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10861 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10861 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10861 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10861 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10861 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.10861 0.18%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
18 December 2025

No Central Asian Country Can Cope With Floods, Droughts On Its Own, Expert Tells TCA

Lack of funds, the predominantly commodity-based nature of their economies, and the inability to reach agreement at a national level make the Central Asian republics vulnerable to natural disasters, Dr. Petr Svoik, Ph.D, a Kazakhstani economist and former head of the Anti=monopoly Policy Committee has told the Times of Central Asia.

 

Between Low Water and Flood

Last year was marked by a drought in Kazakhstan, and at a critical moment for farmers, neighboring Kyrgyzstan stopped supplying water from the Kirov reservoir to the Zhambyl region, with the Kyrgyz authorities explaining that they were forced to cut off the water supply because of a severe shortage of water resources in the Chu and Talas Rivers for their own agricultural producers.

Additionally in 2023, experts stated that the entire Eurasian region is entering a period of low water levels, which means agricultural and livestock sectors are threatened with permanent damage from drought. For Kazakhstan, the water problem is particularly acute, as many of the main water arteries are trans-boundary. This is true not only of the southern regions, but also along the Caspian Sea, which is supplied by Russia’s Volga River, and the regions dependent on the Ural River in northwest Kazakhstan, which are at risk of drying up.

However, the spring of 2024 has been marked by historic flooding. As of today, according to Kazakhstan’s Ministry of Emergency Situations, ten regions of Kazakhstan are subject to flooding, with even multi-story buildings flooded in the regional centers of Kostanay, Aktobe and Atyrau. In a few days, according to the Ministry of Emergency Situations, a “wave” from Russia, where the major cities of Orsk and Orenburg are in danger, will come to Kazakhstan. Such a natural disaster hasn’t happened in about 80 years, President Tokayev said.

Drought and floods carry extraordinary costs, not to mention social damage. Every year, Kazakhstani villagers claim they are on the brink of ruin, and the state budget allocates significant funds to support them. As for floods, according to the World Bank, more than 1.1 million people have been affected in the five Central Asian states alone since the collapse of the Soviet Union. Each year, natural disasters in the region cause more than $10 billion in losses and affect the lives of nearly 3 million people.

In Kazakhstan alone, 1.5 million people are at risk from river overflows, according to the Ministry of Emergency Situations. The country has allocated 7 billion tenge ($15.653 billion) for flood control in 2024 – but these funds are inadequate.

 

Political and Economic Losses 

According to Petr Svoik, floods represent reputational losses for the authorities. The population loses property and faith in the authorities’ ability to do something. Moreover, floods by definition have a high degree of predictability because of meteorological forecasts. “What is the problem of predicting the volume of water discharge in a couple of weeks, taking into account which reservoirs will overflow, and which ones need to be strengthened? For some reason, the authorities do not use elementary meteorological data,” Svoik told TCA.

According to Svoik, flood control measures require serious costs, which the republic is unable to bear. “We need strong hydraulic structures, and dams at least 1.5 meters above the limit level. And not just earthen dams, but at least partially reinforced ones. Unfortunately, the post-Soviet economies are not able to provide the necessary level of financing, as too many resources are transferred abroad. The government realistically does not have the required funds. The plundering of money is the second reason,” Svoik emphasized. Similar problems exist in the sphere of industrialization in general, he believes.

 

A Regulator Is Needed

The situation is complicated by the fact that almost all of the major rivers in Central Asia are over-dammed and under collective use. Thus, no single country can provide full protection against droughts and floods, with each country dependent on its neighbors in the region – which for Kazakhstan includes Russia.

“Collective action in a supranational format is possible only through a formal association, in which there is a defined executive body with the competence to make decisions approved by all participants. In Soviet times, the hydro-technical sector was managed in a centralized manner, and issues of water, electricity, gas supply, and transport were likewise solved in this manner. This allowed for situations where one republic cuts off water to another or floods territories to be avoided. Now, it’s practically impossible for Kazakhstan and Kyrgyzstan to come to an agreement; each has its own truth. When an acute issue arises, two deputy prime ministers meet and resolve it in fire-fighting mode. But strategically it’s impossible to resolve anything, although the presidents of the Central Asian countries regularly communicate and try to cooperate,” Svoik told TCA.

According to Svoik, there are actually no supranational structures capable of regulating water problems. “There is only one interstate structure – the Supreme Eurasian Economic Council – where ministers of the Eurasian Economic Union (EAEU) countries can, among other things, make decisions regarding water resources, but these decisions are made by consensus. There is no center that adopts arbitration and final order. That is, this body cannot resolve a water dispute between, say, Kazakhstan and Kyrgyzstan, and there is no economic effect,” the expert emphasized.

Under the current circumstances, Dr. Svoik pointed out, when Russia is unable to cope with its own terrible floods, it cannot serve as an authority in water regulation issues; besides, its main resources are spent on [its vision of the] new world order. Therefore, taking into account the forthcoming climatic crises, in particular the increase in the average air temperature in the Central Asian region, in the future we are expecting more financial and social shocks associated with rampant natural disasters.

“The higher the deterioration of hydraulic structures, the greater the threat. It is important to understand that there cannot be a separate Kyrgyz, Kazakh, Uzbek or Russian solution to the current situation. There must be a center to which the participants will delegate the authority to ensure water and energy security,” Svoik concluded.

Kyrgyzstan Court Moves Four Journalists from Prison to House Arrest

BISHKEK, Kyrgyzstan – Four journalists in Kyrgyzstan who were jailed in January on suspicion of inciting mass unrest have been moved to house arrest, while four others accused in the same case remain in pretrial detention.

A district court in Bishkek ordered the release on Tuesday of the former employees of Temirov Live, which supporters say is being targeted by the government because of its reports – some on YouTube – on alleged corruption involving senior officials. Police concluded that Temirov Live reports “contain signs of calls for mass chaos,” according to media outlet Politklinika.

The four journalists transferred from jail to house arrest are Tynystan Asypbekov, Saipidin Sultanaliev, Joodar Buzumov, and Maksat Tajibek uulu.

Those still in jail are Temirov Live director Makhabat Tajibek kyzy; two other journalists with the outlet, Aike Beishekeyeva and Azamat Ishenbekov, and a former Temirov Live journalist, Aktilek Kaparov.

A total of 11 former and current Temirov Live workers face charges in the case that could send them to jail for years if they are convicted. Free speech advocates say the prosecution is part of an increasingly restrictive rollback from a time when media enjoyed relative freedom in Kyrgyzstan.

The conditions of the journalists still in prison came under further scrutiny this past weekend when Makhabat Tajibek kyzy, the Temirov Live director, alleged that she and other detainees not involved in her case were beaten. Authorities deny the allegation.

The New Silk Road

In light of the current geopolitical situation in the world, many countries are puzzled by the search for new alternative transport routes. One of these is the Trans-Caspian International Transport Route (TITR), which runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, and further to Turkey and European countries.

New transport corridors through which goods and raw materials can be exported by all modes of transport are a vital task for many countries, today. Such routes must first of all be safe, beneficial to all partners, and economically feasible. The TITR, or the “Middle Corridor”, as it is also called, falls into these criteria. It was conceived more than ten years ago and began operating in 2017. In recent years, this route has been experiencing a new round of development, and this is not surprising since it connects East and West whilst bypassing Russia.

Today, this is a flagship cooperation project for many states. This transport artery, connecting China, Central Asia and Europe, can become a continental bridge of the Belt and Road, halving the time of cargo transportation and significantly reducing transport costs.

The route encompasses 11,000 km of rail, and includes ten seaports. It originates in China at the port of Lianyungang, passing through Xi’an to Urumqi, through Kazakhstan – from the dry ports of Khorgos and Dostyk – to the ports of Aktau and Kuryk, the Azerbaijan (port of Alyat), Georgia (Tbilisi), and then through the Black Sea it continues onto Europe.

It is noteworthy that this route is multimodal, that is, rail, sea and road transport can be used. The current capacity of the Trans-Caspian international transport route is 6 million tons per year. By 2025, it is planned to reach a level of 10 million tons per year. So, the potential is great.

Assessing all possibilities, interested states intend to invest financial resources in the further development of this corridor and the expansion of its port and railway infrastructure, which will have a positive impact on the quality of services provided and reduce transportation times. Each side – China, Turkey, Azerbaijan and Kazakhstan – has its own benefit, and these countries have something to offer each other in much larger volumes than the current supplies. China intends to develop its western provinces, providing them with access to regional markets. Azerbaijan sees an opportunity to strengthen its transit role and become the largest transport hub. Türkiye, in turn, continues to extend its influence in Azerbaijan and Central Asia.

As for Kazakhstan, there are fears that attacks by the Ukrainian Army on Russian oil refineries could lead to a blockage of the Caspian Pipeline Consortium (CPC), which supplies Kazakh oil to international markets. In this regard, a huge amount of work is being done to diversify, and the Trans-Caspian International Transport Route comes in handy here. The Kazakh company, KazMunaiGas has already purchased tankers, and there are agreements with Azerbaijan on access to the Baku-Supsa and Baku-Tbilisi-Ceyhan pipelines, through which Kazakhstan can transport about 2 million tons of oil.

But the fundamental purpose of transit along the TITR is an opportunity for all participants to enhance their advantageous geostrategic location. EU countries are extremely interested in the development of this corridor, since it can facilitate the delivery of goods from China, bypassing Russia, and transportation time will be halved.

During the recent March meeting of the Business Council as part of the state visit of Kazakh President Tokayev to Baku, it was noted that in January 2024, the volume of cargo transportation along the Trans-Caspian route increased 2.5 times compared to the previous year. At the same time, the transit of Chinese containers has tripled.

The geography of the route is constantly expanding; the membership of the Association has increased to 25 companies and is already represented by 11 countries.

In their recent study, “Medium Trade and Transport Corridor,” World Bank specialists came to the conclusion that from a trade and economic point of view, the TITR primarily allows diversifying trade routes and improving transport accessibility for Azerbaijan, Georgia and Kazakhstan. World Bank analysts predict that in a scenario that involves increasing the operational efficiency of the Middle Corridor, it is expected that by 2030 the volume of transportation through the Caspian Sea will triple compared to 2021 and amount to 11 million tons. According to them, about 4 million tons will be driven by the projected demand for container shipping.

According to the European Bank for Reconstruction and Development, the potential of the corridor could be increased to 26 million tons by 2040, but this will require investment by Central Asian countries in the infrastructure around the route in the amount of 18.5 billion euros.

Following negotiations with the Asian Development Bank, agreements were reached on the allocation of a grant for the development of a strategy for the further development of the TITR route in 2024.

In essence, the Trans-Caspian International Transport Route is a revival of the Great Silk Road in modern realities, including such a relevant component as the “Digital Silk Road.” This large-scale project of laying a fiber-optic communication line along the bottom of the Caspian Sea will provide for the creation of a new digital telecommunications corridor between Europe and Asia.

 

Raza Syed is journalist of Pakistani-descent based in the U.K. with over three decades of international experience; his expertise span several countries, with a particular focus on Central and South Asia.

Uzbekistan Widens its Doors to Foreign Tourists

In an announcement on the media portal Novosti Uzbekistana, Nurbek Yakubov, a senior expert at the Institute of Macroeconomic and Regional Studies of Uzbekistan, revealed plans to boost the country’s tourist industry.

Boasting a unique and exotic cultural heritage, as well as stunning natural landscapes rich in archaeological sites and monuments, Uzbekistan’s inflow of foreign tourists has increased almost 2.5-fold, to 6.6 million over the past six years.

As a result, tourism has become one of the key sources of stable economic growth in the country. In 2017, revenue from related services amounted to $531 million, and in 2023, quadrupled to $2.143 billion.

The industry now aims to further increase its volume of foreign tourists to 15 million, in addition to increasing that of local tourists to 25 million, and pilgrims to 3 million by 2030.

According to Yakubov, Uzbekistan is on course to double the availability of hotel beds, increase the number of tourist mahallas (local communities equipped to receive tourists) to 175, and has set a goal to increase the annual export of tourism services to $5 billion through attracting private investment.

Citizens from 91 countries can currently visit Uzbekistan without a visa.

Tajikistan and EU Enter Third Round of Negotiations on Partnership and Cooperation

On April 8 and 9, Luc Devigne, Deputy Managing Director for Europe and Central Asia at the European External Action Service, and Ismatullo Nasredin, First Deputy Minister of Foreign Affairs of Tajikistan convened in Dushanbe for a third round of negotiations on a new comprehensive framework for strengthening their bilateral relations.

According to the Delegation of the European Union to Tajikistan, the negotiations for an Enhanced Partnership and Cooperation Agreement (EPCA), launched in February 2023, represent an important milestone in the EU’s relations with Tajikistan. In line with the EU-Central Asia Strategy, it aims to strengthen cooperation regarding political relations, trade, key economic sectors, as well as the rule of law and human rights.

The EU Delegation reported that substantial progress had been made during the third round of negotiations between European Union and Tajikistan, and in the future, the EU-Tajikistan Partnership and Cooperation Agreement, in place since 2010, will be known as the EPCA.

Five Kazakhstani Banks Improve Their Positions in S&P Rating

S&P Global Ratings, one of the “big three” global ratings agencies, has revised its outlook and upgraded the ratings for five banks in Kazakhstan — Halyk Bank, Kaspi Bank, Bank CenterCredit, ForteBank and Nurbank.

S&P experts pointed out that in recent years Kazakhstan’s banking sector has demonstrated increased resilience to macroeconomic risks, especially against the backdrop of increasing geopolitical instability in the region. Asset quality and the financial performance of banks have significantly exceeded analysts’ expectations. As a result, S&P improved its economic risk assessment and revised the industry risk trend to “Positive.” For example, as of the beginning of 2024, the share of overdue loans (more than 90 days overdue) was only 3% of the total portfolio — significantly lower than in previous years.

Comparing the banking sector with the segment of microfinance institutions (MFIs), it is clear that MFIs are in a more attractive shape. The share of delinquencies in MFIs is growing, which indicates an inherently higher risk profile in their loan portfolios. It’s possible that the adoption by Kazakh parliament of a law on risk minimization in lending — and protecting borrowers’ rights — could remedy the situation.

According to the National Bank of Kazakhstan, the level of loan application approvals remains moderate, indicating a careful approach to issuing loans and control over their repayment by banking structures. Also complicating the retail and corporate lending landscape is the high key rate in Kazakhstan, which was cut to 14.75% in February from 15.25%.