• KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00220
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
03 November 2026

Viewing results 1 - 6 of 94

OTS Summit in Ankara: Türkiye Looks to Strengthen Its Position as Central Asia Competes for Transit Routes

Kazakh President Kassym-Jomart Tokayev arrived in Ankara on October 28, the day he delivered his annual State of the Nation Address, in which he announced plans to expand transport routes between China and Europe. On October 30, he will attend the 13th summit of the Organization of Turkic States (OTS). Turkey is preparing to take over the organization's chairmanship from Azerbaijan, and Central Asian countries are seeking to accelerate freight transportation across the Caspian Sea. Behind the shared rhetoric of Turkic unity lie specific economic interests. Kazakhstan is building railways and expanding its capacity to handle transit cargo from China. Azerbaijan is developing Caspian ports and transport infrastructure in the South Caucasus. Turkey wants to attract more freight moving between China and Europe through Central Asia, increasing its role as a transit hub. A unified route looks much simpler on a political map than it does in the daily operations of transport companies. Between China and Europe, cargo crosses several borders, is transferred from trains to ships and back, undergoes customs clearance, and is subject to tariffs set by different operators. Interest in alternative Eurasian transport routes has grown since Russia launched its full-scale invasion of Ukraine, but the competition extends beyond freight. Ankara is looking to strengthen its political presence in Central Asia, where Russia and China retain considerable influence. Summit events begin on October 29 with a meeting of the Council of Foreign Ministers, chaired by Turkish Foreign Minister Hakan Fidan. The nation’s presidents will meet on the following day. Participants are expected to adopt the Ankara Declaration, discuss investment, energy, digitalization, security, and appoint a new OTS secretary-general. Tokayev and Kazakhstan's Route to Europe Tokayev's visit to Turkey follows directly after his State of the Nation Address, much of which focused on infrastructure, including plans to open the 272-kilometer Bakhty–Ayagoz railway in 2027. The line is expected to add 20 million metric tons of annual freight capacity between Kazakhstan and China. Tokayev also discussed construction of the Aral–Caspian highway. The project would establish a new transport connection between western and central Kazakhstan. According to government estimates, it could shorten certain freight routes between China and Europe by approximately 1,000 kilometers and reduce delivery times by up to three days. Both projects are part of a broader effort to increase Kazakhstan's revenue from international logistics. The country currently earns a substantial share of its transit revenue directly from freight transportation. Developing warehouses, terminals, processing facilities, and distribution centers could generate additional income. Turkey occupies an important position in this network. An overland branch of the Middle Corridor passes through its territory en route to European markets; the Baku–Tbilisi–Kars railway connects Azerbaijan to Turkey's rail network through Georgia. On the sidelines of the Ankara summit, Turkish business associations plan to discuss border crossing operations, transportation costs, and the development of the Middle Corridor. Transport geography, however, does not fit neatly within the OTS's political boundaries. Georgia, through which the railway connecting Azerbaijan and Turkey passes, is not a member...

Emergency Aid to Afghanistan Is Not Enough, Humanitarian Expert Says

The return of millions of Afghans from Iran and Pakistan is placing fresh pressure on a country already struggling with declining international humanitarian assistance. Closer cooperation with Central Asian countries could help Afghanistan meet its immediate needs while reducing its long-term dependence on emergency aid. In an interview with The Times of Central Asia, Abdul Wahab Arash, who has more than 17 years of experience working for international humanitarian and development organizations, discusses the challenges facing Afghanistan and the role its Central Asian neighbors could play in the country's recovery. TCA: How have the needs of the Afghan population evolved, and which challenges concern you most today? Abdul Wahab Arash: Having worked in Afghanistan’s humanitarian sector for more than a decade, I have witnessed how conflict, displacement, poverty, economic instability and natural disasters have affected Afghan communities. While emergency needs have persisted, economic hardship, limited employment opportunities and recurring disasters have placed additional pressure on vulnerable families. One of my greatest concerns is the large-scale return of Afghan migrants from neighboring countries, particularly Iran and Pakistan, including people who have been deported or compelled to return. According to the International Organization for Migration, approximately 6.5 million Afghans returned from Iran and Pakistan between mid-September 2023 and Aug. 31, 2026. These movements place additional pressure on Afghanistan’s already limited resources and public services. Many returnee families urgently need shelter, food, employment, healthcare, education and other essential services. Their reintegration requires not only emergency assistance but also sustainable livelihoods, housing support and access to basic services. Another major concern is the widening gap between humanitarian needs and available funding. Funding reductions mean fewer people may receive essential assistance, while humanitarian programs, local organizations and employment opportunities for qualified Afghan professionals are also affected. Economic hardship and limited livelihoods can drive dangerous and irregular migration as people seek safety, work and a more secure future. In my view, Afghanistan needs continued international solidarity alongside a stronger focus on resilience, livelihoods and investment in Afghan people. Emergency assistance remains essential, but wherever feasible it should also help families recover, protect their dignity and build more secure futures. TCA: What are the main obstacles to delivering effective international humanitarian assistance in Afghanistan? What changes would help produce more sustainable results? Arash: In my experience, one of the main obstacles is the growing gap between humanitarian needs and available resources. Other challenges include limited livelihood opportunities, difficulties in coordination, potential duplication across programs and the need to connect emergency assistance more effectively with longer-term recovery. Afghanistan needs assistance to address immediate suffering, but it also needs a humanitarian system that invests in Afghan professionals, strengthens local capacity, creates fair employment opportunities and uses limited resources effectively. International expertise remains essential, but it should complement and strengthen national capacity rather than unnecessarily replace it. International organizations could explore more cost-effective operating models, including leaner offices in Kabul and greater reliance on qualified Afghan organizations to implement activities and monitor assistance at the community level. This could reduce...

SCO Economic Ambitions Outpace Agreement

The Shanghai Cooperation Organization (SCO) renewed calls for a development bank at its October 20 heads of government meeting in Dushanbe, but the institution remains under negotiation more than a year after members reached political agreement on its creation. Participants adopted a joint communiqué and decisions on economic cooperation, including joint manufacturing and transportation. Financing those ambitions remains a central challenge. Members backed the bank at their September 2025 summit in Tianjin. A year later, the Bishkek summit ended without a founding agreement or capital commitments, and no launch date was set. The SCO brings together ten countries whose economic priorities differ sharply. China and India are among the world's largest economies, while Russia and Iran face Western sanctions. For Central Asian members, the organization offers another route to investment, but agreement on shared goals has yet to produce a common financing institution. Different Priorities Tajik Prime Minister Kohir Rasulzoda reported that SCO countries accounted for 70% of Tajikistan's foreign trade turnover in January–August 2026. Meanwhile, foreign direct investment from member states amounted to just $350 million for the whole of 2025. "These figures demonstrate the enormous untapped potential of our investment cooperation, which significantly lags behind the dynamics of trade relations," Rasulzoda said. Iran has different concerns. First Vice President Mohammad Reza Aref called for wider use of national currencies in trade, alongside export insurance and investment protection. Tehran has long sought to reduce its foreign trade dependence on Western financial infrastructure. Sanctions make this an urgent priority, but Iran's interests in international settlements differ considerably from those of India or China, for example. Beijing and New Delhi conduct extensive trade with Western countries, so a single financial model for all SCO members is unlikely to satisfy everyone. Russian Prime Minister Mikhail Mishustin encouraged joint manufacturing projects using Russia's special economic zones and investment protection agreements. Kyrgyzstan, meanwhile, is seeking investors for the Tamchy special investment and financial territory, established in July 2025 in the Issyk-Kul region. First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev invited SCO partners to develop joint projects there. Financing the Bank A development bank could provide a common source of funding for such projects. In Dushanbe, Belarusian Prime Minister Alexander Turchin renewed calls to accelerate its establishment. "We consider it fundamentally important that this institution become a multilateral development bank with a unique mandate, providing access to long-term investment financing without political conditions," he said. Kyrgyzstan also supported establishing the bank. Amangeldiev urged members to draw on existing financing channels, including the SCO Interbank Consortium, while negotiations continue. Kazakh Prime Minister Olzhas Bektenov confirmed Astana's willingness to host the bank's headquarters. Bishkek had already put forward its candidacy at the September summit. Choosing a headquarters is only part of the task. Members must agree on their financial contributions and how the bank will operate, including who decides which projects receive loans. China has far greater financial resources than most of its SCO partners, giving it the potential to become the bank's principal...

Opinion: China’s Regional Strategy Meets Central Asia’s National Bargains

The China-Kyrgyzstan-Uzbekistan railway spent decades on the drawing board. Disagreements over its route and financing held it up long after the three governments endorsed the project. In 2024, a Kyrgyz parliamentarian asked railway officials a simple question: “Where will we find $1 billion?” A financing agreement signed in Bishkek on December 16, 2025, cleared a major obstacle. The railway is estimated to cost $4.7 billion. Chinese banks will lend about $2.3 billion to the joint project company over 35 years. China holds 51% of the company, while Kyrgyzstan and Uzbekistan each hold 24.5%. The partners will provide the remaining funding as equity. In June 2026, Kyrgyzstan’s parliament approved in the first reading a separate $304.5 million loan from China’s Export-Import Bank to help fund its own contribution. That loan has a 25-year term. The joint company’s debt and Kyrgyzstan’s borrowing for its stake are different obligations, but both affect how much value the country will need to earn from the line. Kyrgyzstan wants business around the railway, including terminals and freight services; Uzbekistan gains a direct rail link toward China, while Beijing gains another route west. The governments agreed to build the line, but tariffs and terminal operations will help decide how the returns are shared. The same division between shared goals and separate deals runs through China’s C+C5 relationship with the five Central Asian states. At the second China-Central Asia summit in Astana in June 2025, the six countries signed a treaty on eternal good-neighborliness. The Chinese Foreign Ministry also published a list of 55 cooperation documents. The first 14 cover the regional China-Central Asia framework. The other 41 involve Chinese institutions and counterparts in individual Central Asian countries, including local authorities and companies. The count reflects how the agreements are organized rather than their financial weight. The regional documents cover road permits, customs procedures and green minerals. The country-specific agreements extend into particular industries and investment relationships. Customs cooperation shows how regional talks can lead to bilateral action. At a meeting on May 21–22, 2025, customs chiefs from China and Central Asia agreed to joint border inspections. The next day, Chinese and Kazakh officials conducted an inspection of Nur Zholy-Khorgos. They agreed to accept more trucks from Kazakhstan and recognize each other’s X-ray inspection images to reduce repeat checks. Kazakhstan’s customs authority explicitly linked the inspection to the regional meeting. The agreement illustrates how governments can address a shared concern through negotiations at an individual crossing. The Astana investment agreements reflected different national priorities. Kazakhstan pursued investment protection and applications for China’s BeiDou satellite navigation system, while Kyrgyzstan signed documents on an AI application center and processing industries. These were country-specific arrangements within the wider regional framework. The railway illustrates why some projects require only a few governments to agree. After recurring disagreements over its route and funding, China, Kyrgyzstan, and Uzbekistan reached a financing settlement in 2025. They did not need all five Central Asian governments to negotiate a single position. Kazakhstan already has direct rail links...

Opinion: Central Asia’s Minilateral Diplomacy and the Limits of Cooperation

In the contemporary, largely fragmented world order, the concept of minilateralism has become increasingly relevant. As less powerful, smaller states are struggling with often ineffective multilateral diplomatic frameworks, cooperation on a smaller scale has been gaining momentum in international relations. Central Asian countries, although with an intrinsic set of strengths and resources, still lack the power to individually address some of their own issues and advocate more proactively for their interests, especially in global forums dominated by major powers and entities. Geopolitical weaknesses of each Central Asian country lie in insufficiently developed domestic economic and military power to compete with much stronger neighbors such as Russia or China. Furthermore, unfavorable geography, where Central Asia, as a landlocked region, has limited access to global trade chains, also dilutes its geopolitical strength. In addition, the transboundary nature of critical resources, especially concerning water flows and supply, often causes tensions among states of Central Asia. In such discouraging circumstances, minilateralism promises more realistic solutions that can place Central Asia on a more equal footing with external partners and enable the region to play a more significant role in regional and, to some extent, international politics. That is why the consultative meetings of the five Central Asian countries (C5), now expanded to include Azerbaijan as C6, and C5+1 dialogues with external partners have become important platforms for Central Asia’s diplomatic standing. Minilateralism and Central Asia Minilateralism represents an international relations concept that implies cooperation of a smaller group of countries (usually three to nine members) in order to resolve shared problems or pursue mutual objectives. While bilateralism remains the main form of cooperation in international politics and multilateralism is necessary for tackling global issues, minilateralism has emerged as a more appropriate response for addressing specific regional issues in a more flexible and efficient manner. One of the main features of minilateralism is prioritizing shared interests over values or ideological principles, which allows collaborating states to focus more on solving issues and avoid being burdened by ideological discrepancies. Take, for example, the Abraham Accords that managed to gather countries with very different ideological views, especially Israel and the United Arab Emirates, but still produced tangible results of cooperation. Another advantage of minilateralism is a quicker response to crises, as well as opportunities, with less of the bureaucratic hassle that often follows multilateral diplomacy. For Central Asia, working together provides a stronger platform for negotiating better outcomes, especially in the economic area. While the current major geopolitical tensions, such as the Russia-Ukraine conflict and the Iran war, continue to shake the international order, the Central Asian countries have become more aware of their opportunities, especially in terms of transit routes and natural resource demand. Central Asia has definitely caught the attention of major powers, and its geographical position along alternative transportation routes, as well as its considerable wealth of natural resources, including hydrocarbons and critical materials, opens doors for the region to gain more influence and power. However, for all of these opportunities to materialize, Central...

Opinion: The 2026 CAMCA Regional Forum Concludes – What’s Next?

The 2026 CAMCA Regional Forum has concluded in Baku after two full days of conversation on a range of topics shaping the future of the region.  The closing ceremony included an official announcement that next year’s Forum will take place in Uzbekistan in June of 2027.  The question now is: in the lead-up to next year’s convening, how do we build on the connections, ideas and momentum built in Baku to truly advance regional cooperation in the months ahead?  How do we turn conversation into action?  The mechanism and catalyst for this will be the CAMCA Network – the dynamic collection of more than 300 talented leaders spread throughout the entire region and beyond – united by a common conviction that a successful future of the CAMCA region lies in intraregional cooperation and collaboration.  Through existing initiatives, such as CAMCA Talking magazine, and forthcoming projects – CAMCA TV and the CAMCA Conversations podcast – the network will utilize these innovative platforms to raise awareness around the important developments taking place within the CAMCA region, and, most importantly, to highlight where regional cooperation is well underway, where more is needed, and how leaders across sectors can do their part to drive tangible collaboration to the next level.  While the CAMCA Network can serve as an important stimulus of this effort, it is critical that we continue to expand the CAMCA community across all sectors and build partnerships with individuals, organizations and companies that share our vision for CAMCA’s connected, collaborative and prosperous future.  This is the charge we take from Baku and will be an integral part of CAMCA’s next chapter.  From his time in public service and at the outset of the Rumsfeld Foundation’s work with rising leaders from the region, Secretary Rumsfeld believed in the incredible potential of the CAMCA region, predicated on the ten countries themselves recognizing the benefit of their enhanced cooperation.  20 years ago, there were few who shared his vision or his optimism.    Today, on the heels of the 12th annual CAMCA Forum, this vision has come to life, and global interest and momentum are in CAMCA’s favor.  As we look towards the 2027 CAMCA convening in Uzbekistan, we are eager to invite partners from within the region and across the globe to join us in building CAMCA’s next chapter.  The groundwork has been laid, and a dedicated and energetic network of regional trailblazers now exists – let’s put it to work and bring CAMCA to a new level.  The CAMCA Regional Forum is an annual, non-partisan event dedicated to promoting dialogue, cooperation, and sustainable economic growth across Central Asia, Mongolia, the Caucasus, and Afghanistan. Established as a premier platform for high-level engagement, the Forum convenes diverse stakeholders from government, business, academia, civil society, and beyond.  The Forum is co-organized by the Rumsfeld Foundation, Central Asia-Caucasus Institute, and the CAMCA Network. Learn more at www.camcaforum.org.   The views expressed in this article are those of the author and do not necessarily reflect the official policy...