• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10685 -0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10685 -0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10685 -0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10685 -0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10685 -0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10685 -0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10685 -0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10685 -0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 19

Earthquakes: Is Central Asia Ready for the Next Seismic Event?

In a recent livestream with a Russian nationalist commentator, prominent Kazakh political analyst Marat Shibutov was asked what threat most concerns Kazakhs today. While his interlocutor expected a geopolitical answer, perhaps Russia’s military might or imperial ambitions, Shibutov’s response reflected a deeply local fear shared by many in Almaty: a devastating earthquake. Given the region’s seismic history, his concern is far from misplaced. A powerful natural disaster could strike a crippling blow to Almaty, Kazakhstan’s economic and cultural heart, and potentially derail the country’s broader development ambitions. A History of Devastation Almaty lies within the Almaty Seismic Zone, a high-risk area in southeastern Kazakhstan known for producing powerful earthquakes. Several historically significant tremors, Vernensky, Keminsky, Kemino-Chuisky (1936), Chiliksky, Sary-Kamyshsky, and Dzhambulsky, were named after their epicenters. The Verny earthquake struck early on May 28 (June 9 in the modern calendar), 1887. Measuring 7.3 on the Richter scale, it destroyed nearly 1,800 stone buildings and over 800 wooden structures. The epicenter was located just 10-12 kilometers south of the city on the northern slope of the Zailiyskiy Alatau, at a depth of about 60 km. The second major disaster, the Kemin earthquake, occurred on December 22, 1910 (January 4, 1911, by modern reckoning). It struck the Chon-Kemin, Chilik, and Chon-Aksu valleys, with a magnitude of 8.2. Tremors lasted for five minutes, followed by strong aftershocks. The epicenter was about 40 km from Verny, in the eastern Zailiyskiy Alatau. On June 21, 1938, another major quake, later named the Kemin-Chui earthquake, originated at the mouth of the Bolshaya Kemin River. Though its epicenter registered between magnitude 8 and 9, public memory of the event is surprisingly faint. In Almaty, the quake struck at around 5 a.m., jolting residents from sleep. Tremors reached magnitude 6, but most people remained calm. Panic in 2024 This was not the case in January and March 2024, when strong tremors triggered widespread panic in Almaty. Some residents jumped from balconies or stairwells, sustaining injuries. Others fled the city in cars, causing major traffic jams. The panic was most pronounced among residents of modern high-rises. Until the 2000s, Almaty had largely avoided such construction due to seismic safety concerns, a principle rooted in Soviet urban planning. Developers now claim modern technologies ensure these buildings can withstand earthquakes but many residents remain unconvinced. This mistrust has sparked public protests against large-scale development projects, including by members of the Mazhilis, Kazakhstan’s lower house of parliament. Adding to concerns, Soviet-era buildings have significantly deteriorated. Aging infrastructure, waterlogged basements, and amateur renovations, including the removal of load-bearing walls, have further weakened the housing stock. In the event of a major quake, widespread destruction is likely and experts agree that the national budget alone could not absorb the resulting financial fallout. Is the Kemin Fault Awakening? Following the March 2024 earthquake, seismic expert and former head of Kazakhstan’s seismic monitoring network, Mukhtar Khaidarov, warned that the epicenter may have been in the Kemin fault zone, a possible precursor to a larger quake. His...

Kyrgyzstan Launches $52 Million Environmental Initiative to Combat Natural Disasters

Kyrgyzstan has officially launched RESILAND CA+, a $52 million environmental initiative aimed at restoring degraded landscapes, reducing natural disaster risks, and strengthening regional cooperation in sustainable land management. Funded primarily by the World Bank, the project targets key ecological threats across several regions, including Osh, Jalal-Abad, Naryn, and Issyk-Kul, with a particular focus on the Kara-Darya River Basin, an area highly vulnerable to mudflows. According to the Kyrgyz Ministry of Emergency Situations, RESILAND CA+ seeks to mitigate the impact of mudflows, restore forests and soils, and build climate resilience across borders. Kyrgyzstan has recorded more than 900 mudflows over the past 12 years, posing a constant threat to lives and livelihoods, particularly in mountainous and riverine communities. “This project opens a new chapter in combating land degradation and climate threats in Kyrgyzstan,” said Boobek Azhikeev, Minister of Emergency Situations. “We are not just restoring landscapes, we are protecting the future of our communities”. The RESILAND CA+ program is financed through a combination of grants and credits from international development partners: $45 million in credit from the International Development Association (IDA) $5 million grant from the PROGREEN global partnership $2.4 million grant from the Korea-World Bank Partnership Facility (KWPF) Tatiana Proskuryakova, the World Bank’s Regional Director for Central Asia, stressed the broader impact of the initiative: “RESILAND CA+ is not just about the environment, it’s an investment in people’s safety, in the economy, and in international partnerships. Restoring nature helps us prevent future disasters”. Set to run through 2029, the program is part of a larger Central Asian strategy to manage transboundary landscapes and natural resources collaboratively.

Kazakhstan Proposes Mandatory Home Insurance Against Natural Disasters

Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDF) has introduced a draft law that would mandate insurance for residential properties against natural disasters. The proposed legislation, now available for public review on the "Open NPAs" portal, aims to establish a nationwide system of financial protection in the event of earthquakes, floods, and wildfires. A Response to Widespread Risk According to UNICEF, roughly 75% of Kazakhstan’s territory is vulnerable to natural hazards, yet only 3.2% of the country’s housing stock is currently insured. In Almaty, Kazakhstan’s largest city and a high-risk seismic zone, coverage reaches just 7.7%. The ARDF argues that compulsory insurance would help reduce fiscal pressure on the state by ensuring that regions most exposed to natural disasters have a legal safety net. The proposed policy would be regionally tiered based on risk level and priced between 1,000 and 20,000 KZT ($2 to $40) annually, roughly equivalent to the current property tax. Initially, payouts would cover urgent needs, up to 10 million KZT ($20,000), with future provisions extending to repair costs or the purchase of new housing. Subsidies are planned for socially vulnerable populations. The draft also envisions the creation of a dedicated state insurance organization to collect premiums and disburse compensation. The agency believes this model will accelerate post-disaster housing reconstruction and reduce budgetary strain. The proposal is open for public discussion until May 12. If adopted, the law is expected to come into effect in 2026. Drawing Lessons from Turkey The initiative draws heavily on Turkey’s experience, where a similar system has been in place since 2000. As National Bank analyst Janibek Asylbekov explained, both countries face comparable natural and geographic risks. In Turkey, compulsory insurance covers private homes and apartment buildings, with the state playing a central role through an insurance fund that partners with private firms. Asylbekov stressed the importance of leveraging digital technologies to streamline registration and payment processes, suggesting integration with routine systems such as utility billing. He also highlighted the need for public outreach, citing Turkey’s collaboration with its Ministry of Education to promote awareness among schoolchildren. To ensure accessibility, he recommends setting modest initial premiums that vary by region, taking into account local income levels and risk exposure. In Turkey, insurance rates differ based on factors such as property type, age, size, and the number of floors. Discounts are available for policy renewals and for older housing stock.