• KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 7

Kazakhstan’s President Commends Growing Cooperation Between Central Asian States

On May 16, Kazakhstan's President Kassym-Jomart Tokayev hosted the first meeting in Astana of Security Council secretaries from Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan, and the military attaché of the Embassy of Turkmenistan in Kazakhstan. In his opening address, Tokayev announced that the aim of the meeting was to provide an effective platform for the collaborative prevention of external and internal challenges and threats, and to develop necessary response measures. The Kazakh leader began by noting the steady growth of trade and economic cooperation between the Central Asian countries and stated that over the past five years, intraregional trade  had risen by 80 percent to exceed $10 billion.  He explained that large regional projects not only bring tangible mutual benefits, but also change the entire configuration of the Central Asian economy. The development of transport and logistics potential is becoming a new reference point for the rapid development of the region. Cultural and humanitarian ties have also intensified, contributing to the further rapprochement of the Central Asian states. Returning to the pressing issue of the need to join forces in countering transboundary challenges and threats, he announced: “First of all, we are talking about the fight against international extremism and terrorism, drug trafficking, and arms trafficking. In this regard, Afghanistan must be the focus of our common attention. Complex multidirectional processes are now evident in this country. Whilst signs point to a stabilization and revival of the economic situation, there remain high risks associated with the activity of international terrorist organizations, as evidenced by the bloody terrorist attack in the Moscow region [in March]. In our opinion, one of the strategic tasks at present is the active involvement of Afghanistan in regional ties. And for this, much depends on the coordinated position of our countries. We consider it urgent to create a UN Regional Center for Sustainable Development Goals for Central Asia and Afghanistan in our country.” Tokayev expressed his satisfaction with the growing regional cooperation and mutual trust and concluded:  “Some 10 years ago, there was no such situation in the Central Asian region. Now heads of state, heads of government, secretaries of the Security Councils, heads of law enforcement agencies, not to mention heads of economic departments, closely interact with each other. And this is a very good sign that the situation in the Central Asian region is moving towards sustainable development.”    

Central Asia as an Emerging Economic Region

Central Asia, spanning an area from the Caspian Sea in the west to China in the east and from Afghanistan in the south to Russia in the north, is rapidly emerging as a significant economic block. Comprising five post-Soviet states — Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan — this region is distinguished by its rich natural resources and strategic geographic position, as well as its natural beauty and cultural heritage. With a combined population of around 75 million people, Central Asia has emerged as a dynamically developing market that is increasingly attracting global interest. The transformation unfolding in Central Asia holds both promise and significant challenges for its residents and foreign investors alike. This shift is driven by increasing calls for political reform, the dynamism of a youthful population, and an imperative for sustainable development alongside the pressing need to diversify economic bases.   Structural changes following independence in 1991 set the stage for robust growth from 2000s onward Following the collapse of the Soviet Union in 1991, Central Asian countries faced the challenge of transitioning from centrally-planned to market-oriented economies. This period was marked by significant economic difficulties across the region including negative GDP growth and hyperinflation, compounded by the complexities of privatization, legal reforms, and both social and political instability. The nations responded with different development strategies aimed at market liberalization, infrastructure improvement, and the utilization of natural resources. By 2000, Central Asia experienced a noticeable economic resurgence, marking a striking contrast to the conditions in 1991. In that year, Uzbekistan's GDP growth was at -0.5%, Kyrgyzstan at -7.9%, and Kazakhstan at -11%. A decade later, these countries reported positive growth rates of 4.2%, 5.3%, and 13.5%, respectively. This remarkable turnaround can be attributed to the "low base effect," where the initially low economic indicators set the stage for significant improvements over time. The total GDP of Central Asian countries has grown seven times since the beginning of the 2000s. In comparison with the global economic growth rate of +2.6% annually, the Central Asian region grew by an average of 6.2% between 2000 and 2023 according to IMF data. All Central Asian states are forecasted to outpace the IMF’s projected growth rate for emerging markets and developing economies 2024 which stands at 4.2%; however, actual growth will depend on reforms and foreign investment. Kazakhstan has set the highest growth goal with a five-year target GDP increase to $450 billion, which would require an achievable but challenging 6% annual growth. As illustrated below, Kazakhstan stands out as the economic powerhouse of Central Asia with a GDP almost 1.5 times that of all the other countries combined.     Labor markets: Optimal demographics for growth and innovation According to United Nations data, approximately 75 million people live in Central Asia, representing 1% of the world’s population. Relative to the global median age, all of Central Asia boasts a young population. A youthful population fuels economic growth by replenishing the workforce, driving innovation, and expanding consumer markets. It supports older demographics...

Mirziyoyev: Officials Must Reorient to Preserve Environment

President of Uzbekistan, Shavkat Mirziyoyev, has criticized officials who insist on building new cement plants instead of introducing environmental technologies. "The country has production capacities which can more than cover the annual demand for cement," Mirziyoyev said. "So, it is surprising that officials, instead of increasing the production of value-added products and introducing technologies that reduce their harmful impact on the environment, are proposing that 22 more cement plants be constructed." Mirziyoyev emphasized the importance of responsible decision making in the sphere of industry. He noted that over the past six years, the volume of investment in industry has increased sevenfold, but insufficient information has been provided by the heads of industries and regions on jobs created and the growth of exports, meaning officials do not sufficiently analyze and provide data on the economic and social consequences of investments in the construction of new cement plants. The President also expressed concern about the environmental aspect of the issue. Instead of the mass construction of new plants, which are likely to exacerbate the negative impact on the environment, he called for a greater emphasis to be placed on the introduction of environmentally friendly technologies in cement production. Such measures would reduce air and water pollution, as well as greenhouse gas emissions. Mirziyoyev emphasized the need to effectively use existing plants by increasing their productivity and introducing innovative solutions, noting that the introduction of environmentally friendly technologies would increase the quality and competitiveness of Uzbek cement in the world market. In summation, Mirziyoyev instructed officials to reorient their goals to ensure sustainable development and preserve the environment.

U.S. Peace Corps to Help Develop Sustainable Tourism

Seven U.S. Peace Corps Response Eco-Tourism Volunteers arrived in Bishkek on January 15th to help promote sustainable tourism in partnership with the local non-profit Kyrgyz Community Based Tourism Association (KCBTA). After completing their training, the volunteers will work with CBT partners to develop nature-based tours, assist in creating effective marketing strategies to attract domestic and international tourists, establish guidelines and best practices to minimize the impact of tourism on local ecosystems, and help local partners improve their English language skills, the U.S. Embassy in Kyrgyzstan said. The Volunteers will undergo two weeks of intensive training, which includes Kyrgyz language classes and cross-cultural competence training before deploying for twelve months to KCBTA offices in Kochkor, Toktogul, Arslanbob, Naryn, Karakol, Osh, and Bishkek as eco-tourism marketing specialists. “Community Based Tourism Associations throughout the country are glad to welcome response volunteers. We hope that these volunteers will support us in improving our ecotourism offerings to attract a wide range of tourists to Kyrgyzstan,” Asylbek Rajiev, the Executive Director of the Kyrgyz Community Based Tourism Association said. The response volunteers will complement the 35 English language education volunteers currently serving in Kyrgyzstan.

Kazakhstan Approves SDGs Action Plan for 2024

The seventh meeting of the Coordinating Council for Sustainable Development Goals (SDGs) took place in Astana on January 5th, chaired by the Prime Minister of Kazakhstan, Alikhan Smailov. The meeting was attended by heads of government agencies and representatives from the United Nations, the United Nations Development Program (UNDP), and the European Union. At the meeting, updating the national SDG indicators, localizing SDGs in the regions, and preparing an annual report on the implementation of SDGs was discussed. Following the symposium, the SDG Coordinating Council approved an action plan for 2024. During the meeting, Prime Minister Smailov emphasized that the primary goal of the SDGs is to improve the quality of life of Kazakhstan's citizens by implementing advanced international standards. "In September of last year, the Head of State, Kassym-Jomart Tokayev participated in the United Nations SDG Summit,” Smailov said. “During his speech, the President emphasized that achieving SDGs is a top priority for the nation. As a result, Kazakhstan is always willing to collaborate with all Member States to pursue a more just and sustainable world." The UNDP Resident Representative in Kazakhstan, Sukhrob Khojimatov, highlighted two key areas the UNDP focused on in 2023. The first was the localization of SDGs within the framework of a regional program to establish an SDG Platform for Central Asia funded by the European Union. The second was the support provided by the UNDP to the Senate of the Parliament of Kazakhstan in creating a Parliamentary Commission for monitoring the implementation of national goals and objectives in the field of sustainable development. Johannes Baur, the Head of Cooperation at the EU Delegation to Kazakhstan, emphasized that in 2024 the EU and its member states have committed to supporting Kazakhstan's transition to a carbon-neutral economy by 2060. During this year, they will launch the implementation of the Team Europe initiative, which will focus on energy, water resources, and climate change in Central Asia. The initiative will receive a budget of €20 million. This cooperation will be extended through a new bilateral mechanism to facilitate the transition to a green economy and modernize Kazakhstan's emissions trading system.

President Promises Support for Youth and Business in Uzbekistan in 2024

In his New Year address, President Shavkat Mirziyoyev said that the outgoing year had been successful for the country and its people, emphasizing the importance of peace and tranquility, and an atmosphere of inter-ethnic friendship and harmony in the country. “For the first time in our history, in a nationwide referendum, we adopted a new version of the Constitution of the country. We have begun to implement the Uzbekistan 2030 strategy, which determines our development for the future,” Mirziyoyev said. The Uzbek leader stated that the country had ensured sustainable rates of economic growth, and that high-tech industrial enterprises, modern logistics and infrastructure networks, kindergartens and schools, cultural and sports facilities are being built. Mirziyoyev said that 2024 has been declared the Year of Support for Youth and Business in Uzbekistan. “In the new year, we will intensify the attraction of foreign investment and the creation of broad opportunities for entrepreneurship and private property. We will pay special attention to the development of science, innovation, the IT sector, and the creation of green and digital technologies,” he said. The focus will be on creating new jobs and increasing the income of the population, Mirziyoyev said, promising to raise the development of the social sphere to a new level.

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