• KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
09 September 2026

Viewing results 1 - 6 of 117

SCO Summit Delivers Institutional Reform but Leaves Development Bank Unsettled

Leaders of the Shanghai Cooperation Organization adopted amendments to the bloc's Charter and approved regulations for two security bodies in Bishkek on September 1, but stopped short of launching the proposed SCO Development Bank. The official outcome list contains 28 documents. They include the Bishkek Declaration marking the SCO's 25th anniversary, a statement on assistance to countries affected by emergencies, and measures covering transport, digital policy, energy, and climate cooperation. For Kyrgyzstan, which used its fourth chairmanship to press for new financial and emergency response mechanisms, the results were mixed. The emergency statement gave political backing to a Kyrgyz initiative, while the bank remained under negotiation. Kazakhstan then made a competing offer to host its headquarters. An institutional package The member states signed a protocol amending the 2002 SCO Charter and approved regulations for the Universal Center for Countering Security Challenges and Threats. They also approved rules for the executive committee of the SCO Anti-Drug Center. The package included programs against drug addiction and synthetic narcotics through 2030, as well as amendments to the 2010 agreement on cooperation against crime. The decisions continue an institutional reorganization begun at the 2025 Tianjin summit. That meeting approved agreements establishing the Anti-Drug Center in Dushanbe and a Universal Center based on the SCO's existing regional counterterrorism structure in Tashkent. President Sadyr Japarov said the organization should remain free of bloc politics and confrontation. He called for the rapid launch of the Universal Center and said Bishkek had prepared the conditions for an SCO center against transnational organized crime. Opening the meeting, he said the anniversary should become the start of a new phase for the organization. Bank progress, but no launch The Bishkek Declaration records progress toward creating an SCO Development Bank among interested member states during Kyrgyzstan's chairmanship, though the wording is qualified. The summit did not produce a founding agreement, capital commitment, or a launch date. Japarov urged members to reach a practical decision on the bank and invited them to use Kyrgyzstan's Tamchy Special Financial Investment Territory for joint projects. Kyrgyzstan had already proposed Bishkek as the bank's headquarters. However, Kazakh President Kassym-Jomart Tokayev used his summit address to make a rival offer. Kazakhstan supports directing the proposed bank's resources toward infrastructure, technology, and industry, he said. "If there is consensus among the member states, Kazakhstan could host this institution, its headquarters," Tokayev said in the official transcript. The two bids underline how much remains unresolved. Members reached political consensus to establish the bank in Tianjin last year, but its membership, governance, capital, and location are still being negotiated. Kyrgyz emergency initiative advances The heads of state adopted a separate statement on assistance to countries affected by emergencies. Kyrgyzstan had spent its chairmanship promoting an SCO assistance mechanism and, in May, sought support for a special account to finance emergency aid after major natural disasters. The statement's adoption is a clear political success for Bishkek. Its published title does not establish whether members accepted the proposed special account or how...

Pannier and Hillard’s Spotlight on Central Asia: New Episode Out Now

As Managing Editor of The Times of Central Asia, I’m delighted that, in partnership with the Oxus Society for Central Asian Affairs, we are the home of the Spotlight on Central Asia podcast. Chaired by seasoned broadcasters Bruce Pannier of RFE/RL’s long-running Majlis podcast and Michael Hillard of The Red Line, each fortnightly instalment will take you on a deep dive into the latest news, developments, security issues, and social trends across an increasingly pivotal region. This week, the team is covering the Kurultai elections and what they mean for Kazakhstan. Special guest: Central Asia journalist Paul Bartlett.

Kyrgyzstan Hosts SCO Summit as Bloc Marks 25 Years

Leaders of the Shanghai Cooperation Organization's ten member states are due in Bishkek on September 1 for the final summit of Kyrgyzstan's 2025-2026 chairmanship. The meeting is expected to produce a Bishkek Declaration marking the SCO's 25th anniversary, alongside thematic statements and other decisions. For Kyrgyzstan, the gathering is more than a turn in the organization's rotating chairmanship. As many as 21 heads of state are expected in the country during the week, according to presidential spokesman Askat Alagozov. The summit coincides with Kyrgyzstan's Independence Day and the August 31 opening of the World Nomad Games. The member-state session will bring together Belarus, China, India, Iran, Kazakhstan, Pakistan, Russia, Tajikistan, and Uzbekistan, with President Sadyr Japarov as host. Chinese President Xi Jinping will also make a state visit, giving the summit a substantial bilateral program alongside the formal meetings. Kyrgyzstan's Diplomatic Week The summit comes less than three months after Kyrgyzstan was elected to the UN Security Council for 2027-2028, its first term on the body. Hosting the SCO gives Japarov an opportunity to reinforce that diplomatic profile before the Security Council term begins in January. The SCO's foreign ministers reiterated in July that Central Asia is the organization's core and backed a larger role for it in the region's security and economic development. Their statement also praised Kyrgyzstan's chairmanship and confirmed that the Council of Heads of State and SCO Plus meetings would take place in Bishkek on August 31 and September 1. What Cholpon Ata Already Settled At their July 24 meeting in Cholpon Ata, SCO foreign ministers approved the draft declaration and accompanying documents as a basis for the summit. The language is therefore largely negotiated before the leaders arrive, although the final package can still change. The ministerial statement gives a clearer indication of the political agenda, supporting a multipolar world order and rejecting unilateral sanctions. It also calls for more intra-SCO trade. Terrorism, separatism, extremism, drug trafficking, and transnational organized crime remain its stated security priorities. The statement says the SCO is entering a period of institutional reform, including changes to its legal framework and cooperation procedures. A Development Bank Still Taking Shape Economic cooperation will occupy a significant part of the summit. In Tianjin last year, interested member states reached political consensus to establish an SCO Development Bank. The institution is not yet operational. At the fourth consultation meeting in Shenzhen in June, delegates discussed its key elements and the next stage of negotiations. A timetable or capital commitments announced in Bishkek would move the proposal beyond its current design stage. The bank could eventually provide another source of finance for infrastructure, but its structure and membership remain unsettled. Currency diversification will also remain part of the discussion. The 2024 Astana Declaration called for gradual growth in the use of national currencies for settlements among interested members. Sanctions on Russia and Iran have increased the political importance of that effort, although the SCO has not created a common payment system. SCO Plus, but Not...

Xi Jinping Heads to Bishkek as Kyrgyzstan Prepares to Host 21 Heads of State

Chinese President Xi Jinping will attend the Shanghai Cooperation Organization summit in Bishkek and make a state visit to Kyrgyzstan, Beijing has confirmed. The trip, which also includes a state visit to Egypt, will run from August 30 to September 3. The formal meeting of the SCO Council of Heads of State is scheduled for September 1. As many as 21 heads of state are expected in Kyrgyzstan during the week, according to presidential spokesman Askat Alagozov. Xi had long been expected to be among the leaders traveling to the Kyrgyz capital, but the formal confirmation turns attention from the guest list to the business that may be conducted around the main session. For Kyrgyzstan, the most consequential part of the visit may come in Xi's talks with President Sadyr Japarov rather than in the summit hall. The Times of Central Asia will be reporting from Bishkek as the delegations arrive, and from the opening ceremony of the World Nomad Games on August 31. Several visiting heads of state are expected to attend the ceremony, which will bring summit diplomacy and Kyrgyzstan’s biggest cultural showcase together on the eve of the SCO meeting. Kazakhstan’s President Kassym-Jomart Tokayev has already confirmed that he will be there. The spectacle will be considerable, but the substance is likely to emerge in the bilateral meetings, signed agreements, and final documents released around the September 1 summit. The State Visit and the Railway The state visit format gives Xi and Japarov a bilateral program alongside the summit. The most prominent economic issue is likely to be the China-Kyrgyzstan-Uzbekistan railway, a project discussed for decades that is now under construction across some of Kyrgyzstan's most difficult terrain. The Kyrgyz authorities put the railway’s construction cost at about $4.7 billion. China holds 51% of China-Kyrgyzstan-Uzbekistan Railway Company LLC, while Kyrgyzstan and Uzbekistan each hold 24.5%. Roughly half of the cost is being financed through a 35-year Chinese loan to the company. The summit could bring clearer evidence of how quickly construction is progressing. Any new financing, contracts, or cross-border arrangements would be more significant than another general statement of political support. The railway also places Kyrgyzstan inside a larger shift in regional trade. Commerce between China and the five Central Asian states passed $100 billion in 2025. Bishkek wants a larger share of that traffic and more of the value created along transit routes. Xi's visit offers Japarov an opportunity to press the case for logistics hubs, local employment and supporting roads rather than transit alone. The Documents Behind the Ceremony The SCO's national coordinators have been finalizing the outcome documents in the weeks leading up to the summit. Under Kyrgyzstan’s chairmanship, the SCO has emphasized regional stability and economic cooperation, alongside digital transformation, cyber threats, environmental policy, and cultural exchange. SCO decisions require consensus, which tends to soften disagreements in final communiqués. Any agreements that specify funding, deadlines, or responsibility would give the Bishkek package more weight. Bilateral Meetings Around the Summit The summit will bring...

Kazakhstan’s Role in Pax Silica After WAICO

Kazakhstan became the first Central Asian country to join the U.S.-led Pax Silica initiative. It also signed the agreement establishing China’s World Artificial Intelligence Cooperation Organization, or WAICO. That dual participation could now become consequential. Reuters reported on August 14 that the State Department had prepared an undated draft letter warning the 35 signatories of the U.S. AI Opportunity Statement that participation in Pax Silica could be incompatible with membership in competing initiatives. Kazakhstan is the only country presently known to have joined both frameworks. The draft could still change, and the State Department has not publicly adopted the position it contains. Kazakhstan’s decision to join both initiatives also reflects its long-standing multi-vector foreign policy. Astana has sought practical relations with competing powers rather than exclusive alignment with any one bloc, an approach its official foreign-policy concept describes as maintaining mutually beneficial relations with states and organizations of practical interest to Kazakhstan. Joining a U.S.-led supply-chain initiative and a China-led AI organization fits that pattern, although it also makes the question of compatibility more consequential. Washington’s concern is understandable. Pax Silica is intended to create trusted supply chains, strengthen investment security and protect sensitive technology and infrastructure from undue access or control. Membership is meant to represent more than attendance at another diplomatic forum. The question is what Kazakhstan has agreed to do through WAICO, how those commitments will be implemented, and whether they create competing expectations or affect specific Pax Silica projects. Kazakhstan’s Role in the Supply Chain Pax Silica spans the AI supply chain from energy and mineral processing to semiconductors, data centers and models. Kazakhstan also has ambitions in digital infrastructure and AI services, but its strongest existing capabilities relevant to Pax Silica are concentrated in energy, mineral production, selected processing and Eurasian connectivity. The framework is designed to combine the different industrial strengths of its participants rather than reproduce the entire technology chain in every country. Kazakhstan produced about 40% of the world’s mined uranium in 2025. Kazakh-origin material accounted for 28% of uranium delivered to U.S. civilian reactor operators that year, second only to Canada. Kazakhstan’s most immediate relevance is not semiconductor production, but its role as an energy, minerals and processing partner. Uranium is the clearest example, providing large-scale fuel supplies for the power systems on which expanding AI infrastructure depends. As TCA recently noted, Kazakhstan sits at the nexus of resources, processing capacity and connectivity, and its role extends beyond raw-material extraction. Ulba Metallurgical Plant produces uranium dioxide powders and nuclear-fuel pellets, along with beryllium, tantalum and niobium products. Kazakhstan also produces copper, titanium, silver, aluminum and zinc used across power, communications, aerospace and advanced manufacturing. Its position on the Middle Corridor also gives it a logistics role connecting Central Asian production with Caspian and European markets. Other contributions remain prospective. Eurasian Resources Group (ERG) plans a 15-tonne-a-year gallium facility backed by a long-term supply agreement with Mitsubishi, while a U.S.-supported tungsten project is moving forward with plans to mine and refine the...

Kazakhstan Updates Its Foreign Policy Concept in a More Difficult Era

President Kassym-Jomart Tokayev has approved targeted amendments to the document that sets the principles and priorities for Kazakhstan’s dealings with the outside world. The changes align the doctrine with Kazakhstan’s new constitutional order, remove its remaining provisions tied to Nazarbayev’s formal role, and come at a time when multi-vector diplomacy has become far more demanding than it was in 2020. The amendments to the Foreign Policy Concept for 2020–2030, signed on August 14, attracted attention after KazTAG reported on them. Kazinform subsequently highlighted changes concerning the protection of citizens abroad, public understanding of foreign policy and the new Kurultai. A Foreign Policy Concept is Kazakhstan’s overarching diplomatic doctrine. It sets the principles, priorities and responsibilities intended to guide state policy through 2030. The August changes are limited in length. They remove its remaining references to Nursultan Nazarbayev’s formal role, bring the document into the Kurultai era, and give the Astana International Forum formal recognition in the doctrine. Other language now attracting attention is older. Sovereignty, protection of citizens, and resilience to negative external influence were already in the 2020 document. The difference is the world in which Kazakhstan now has to apply them. From Personal Legacy to Institutional Continuity The first principle in the 2020 concept referred to continuity with the foreign policy course of the First President and Elbasy, Nursultan Nazarbayev. The new wording promises “continuity of the foreign policy course at a new stage of the country’s development.” The revised text no longer names Nazarbayev or uses the Elbasy title. The amendments also remove a provision that gave the First President a lifelong right to address the public and state bodies on major foreign policy questions. The Constitutional Law on the First President was repealed in 2023, and the concept no longer lists it among its legal foundations. This follows a process that began years ago. The special legal provisions associated with the Elbasy framework have been repealed, while Tokayev has continued to acknowledge Nazarbayev’s place in the history of independent Kazakhstan. Tokayev was also closely involved in the foreign policy he inherited. He served twice as foreign minister, as prime minister, and later as director-general of the United Nations Office at Geneva. The revised concept places foreign policy continuity on an institutional rather than personal basis. Adapting the Foreign Policy Concept to the New Constitution Kazakhstan’s new Constitution came into force on July 1, replacing the Senate and Mazhilis with a unicameral Kurultai. The first election to the 145-seat body is scheduled for August 23. The old concept described the foreign policy functions of the bicameral parliament. The amended version now identifies the Kurultai as Kazakhstan’s highest representative body exercising legislative power. Signed nine days before the election, the change places the foreign policy doctrine inside the wider constitutional transition and removes references to institutions that no longer exist. The revision also fits Tokayev’s broader effort to move Kazakhstan beyond a political system shaped by the formal privileges of its first president and towards one intended to...