• KZT/USD = 0.00227
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00227
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00227
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00227
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00227
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00227
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00227
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00227
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
30 September 2026

Viewing results 1 - 6 of 41

How Kazakhstan Initiated C5+1

When U.S. Secretary of State Marco Rubio travels to Samarkand in mid-October, he is expected to meet the foreign ministers of all five Central Asian states under a diplomatic format known as C5+1. He will also be accompanied by representatives of more than 100 American companies, underscoring how far the platform has developed since its creation in 2015. C5+1 — Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, plus the United States — has become Washington’s principal diplomatic mechanism for engaging Central Asia as a region. It has expanded from meetings of foreign ministers to presidential summits and cooperation on trade, security, connectivity, energy and critical minerals. Less widely known is the role Kazakhstan played in getting it started. S. Frederick Starr, founding chairman of the Central Asia-Caucasus Institute and a longtime scholar of the region, has argued for years that the proposal that developed into C5+1 came from Kazakhstan rather than from inside the U.S. government. In a detailed account published on September 24, titled How C5+1 Came to Be, Starr identifies Kairat Umarov, then Kazakhstan’s ambassador in Washington, as the diplomat who set the process in motion. Starr writes that shortly after Umarov arrived in Washington, the two discussed the absence of a mechanism through which the United States could deal with Central Asia collectively rather than through five separate bilateral relationships. In 2013, after consulting Astana, Umarov approached Nisha Biswal with the idea of creating a regular consultative mechanism between Washington and the governments of Central Asia. According to Starr, Biswal supported the proposal and subsequently took it to Secretary of State John Kerry, who approved moving ahead with the concept. Afghanistan was initially considered for inclusion, which would have produced a C6+1 format. It was ultimately left outside the mechanism, resulting in the C5+1 grouping that exists today. In September 2014, three Kazakh and three American authors, including Starr, published Looking Forward: Kazakhstan and the United States. The study was prepared with support that included Kazakhstan’s embassy in Washington and called specifically for establishment of a “Central Asia Six Plus One” mechanism. The report argued that the United States lacked a regular platform for engaging Central Asia on a regional basis and proposed a U.S.-Central Asia/Afghanistan partnership. By then, the concept had moved beyond an informal diplomatic conversation. A jointly produced Kazakh-American policy paper was explicitly calling for Washington to establish essentially the same regional mechanism that emerged the following year. Starr says the proposal subsequently received support from Kazakh President Nursultan Nazarbayev and Uzbek President Islam Karimov. Karimov wanted the Central Asian meeting held in Samarkand, an arrangement to which Astana and Washington agreed. The five Central Asian foreign ministers and Kerry met in New York on September 26, 2015. They gathered again in Samarkand on November 1, where Kerry described the meeting as the first time the six countries had met as a group in that format. The resulting joint declaration committed them to regular meetings under the name C5+1. [caption id="attachment_57100" align="alignnone" width="1828"] Source: S....

How Almaty and Astana Built Central Asia’s Deepest Business Ecosystem

Every region has cities that pull people and money toward them. New York, London, Dubai, and Singapore became places where ambitious people went to make careers, companies went to find talent, and investors went to put money to work. Once that concentration takes hold, it feeds on itself. More companies create more jobs, more talent attracts more companies, and banks, lawyers, consultants, airlines, schools and restaurants grow around them. Central Asia has developed its own version of that gravitational pull. Almaty has long been the region’s main commercial center and was Kazakhstan’s capital until 1997. It remains effectively tethered to Astana by intense passenger traffic and the constant movement of businesspeople, officials and professionals between the two cities. Astana has grown around government, international finance, technology and diplomacy. Together, they function as a two-city economic and political engine. The numbers explain much of this. The Times of Central Asia’s Central Asia Balance Sheet puts Kazakhstan at $306.2 billion of the five Central Asian economies combined $543.4 billion in GDP, or 56.4%. Its share of accumulated foreign investment is even larger. The Balance Sheet puts Central Asia’s inward foreign direct investment (FDI) stock at $235.6 billion at the end of 2025, of which Kazakhstan held $156.4 billion, or 66.4%. FDI stock represents capital accumulated over years rather than announced agreements or one unusually strong year of inflows. Almaty and Astana Play Different Roles Almaty accounted for 22.7% of Kazakhstan’s GDP in 2025 and Astana another 12.3%, putting their economies at roughly $69 billion and $38 billion respectively. Together they produced around $107 billion. Almaty is Kazakhstan’s main business and financial center. Kazakhstan’s largest banks, investment firms, multinational offices, lawyers, accountants and consultants are concentrated there. The Globalization and World Cities research network (GaWC) placed Almaty in its Gamma+ group in 2024, alongside Austin, Antwerp, and Kuwait City. GaWC bases the classification on the networks of major international business-service firms, offering a measure of how closely a city is connected to the global corporate economy. Consistent with that ranking, multinational companies have also chosen Almaty as a base for regional operations. Mars runs its eleven-country regional headquarters from Almaty, covering all five Central Asian states, the South Caucasus, Belarus, Mongolia, and Turkey. Mastercard describes Almaty as a regional hub and the heart of its consulting operations for the CIS, Central and Eastern Europe. Kazakhstan is unusual in Central Asia in having two major hubs. In functional terms, Astana complements Almaty much as Washington D.C. complements New York: Almaty is the deeper commercial center, while Astana concentrates government, sovereign institutions, diplomacy, and national policy. Astana has also developed regional corporate operations of its own. Alstom runs its Western and Central Asia cluster from the capital, and Mercuria opened a regional office there in 2026 headed by its CEO for Central Asia and the Caspian region. U.S. rail company Wabtec has made Astana a regional locomotive production and engineering base, reinforced by its $4.2 billion agreement as Kazakhstan expands its Middle Corridor links to...

Kazakhstan Prepares for China Investment Forum While Pursuing U.S. AI Ties

Kazakhstan will host a major investment forum with China in Almaty on September 25, with artificial intelligence expected to feature prominently among potential new agreements. The meeting comes as Astana deepens technology cooperation with Beijing while remaining part of the U.S.-backed Pax Silica initiative. Tokayev confirmed his participation in the forum in an interview with China’s Xinhua News Agency. “This forum is intended to serve as a platform for launching new concrete economic and investment cooperation projects,” the president said. In the same interview, Tokayev outlined potential cooperation with China in AI and digital technologies, ranging from industry, mining, and energy to transport, healthcare, satellite technology, and data centers. Some projects in these areas are already being discussed with Chinese businesses. During Tokayev’s July visit to Shanghai, Kazakhstan and Chinese companies signed more than 70 commercial agreements with a stated value exceeding $15 billion. They included projects involving Huawei, robotics development, AI in the automotive industry, and the Data Center Valley in Ekibastuz, where a complex with capacity of up to 1 GW is planned. Two International Initiatives in Three Weeks On June 25, Kazakhstan became the first country in Central Asia to join Pax Silica, a U.S.-backed initiative aimed at developing trusted supply chains for the AI economy. It covers areas including semiconductors, critical minerals, computing infrastructure, energy, and advanced manufacturing. Kazakhstan also signed a joint statement with the United States on an AI Opportunity Partnership. On July 16, Kazakhstan joined 28 other countries in Shanghai in signing an agreement to establish the World Artificial Intelligence Cooperation Organization (WAICO). The organization, headquartered in Shanghai, says its goals include expanding international cooperation and developing approaches to global AI governance. Its other founding participants include Brazil, China, Indonesia, Russia, and the four other Central Asian states: Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Beijing is promoting wider access to AI technologies and open models, workforce development, and greater participation by developing countries in setting international rules. China is also seeking to reduce its technology sector’s dependence on U.S. components. Kazakhstan, meanwhile, has remained part of Pax Silica. Washington Raises the Question of Choosing Sides On August 14, Reuters reported that the U.S. State Department had drafted a letter for countries partnering with Washington on AI. Countries participating in both Pax Silica and the China-backed initiative could be asked to choose between the two frameworks. A U.S. official told Reuters that Washington wanted a clearer separation between the American and Chinese technology ecosystems. The report specifically identified Kazakhstan as a participant in both initiatives and said its dual participation had raised concerns in Washington. At the time, the document remained a draft. There is no public evidence that Kazakhstan has received such a demand or that Washington has formally required Astana to choose between the two initiatives. Several weeks later, Tokayev argued in his Xinhua interview against dividing technology along geopolitical lines. “AI should not become the privilege of a narrow circle of the most technologically advanced states, much less turn into a new...

Almaty and Astana Set to Retain Central Asia’s Economic Lead

Almaty long combined Kazakhstan’s political and commercial functions and established itself as Central Asia’s leading business center. After Astana became Kazakhstan’s capital, the two cities developed increasingly complementary roles, with Almaty remaining the region’s largest business and financial hub while Astana accumulated political, institutional and corporate weight. Kazakhstan’s updated figures put Astana’s growth at about 10% and Almaty’s at about 5%. Together, the two cities generated roughly $107 billion in 2025. Together, they have become a two-city engine anchoring much of Central Asia’s commerce. Almaty and Astana benefit from an economic scale unmatched elsewhere in Central Asia. Kazakhstan alone accounts for more than half of the region’s GDP and roughly two-thirds of its inward FDI stock, according to TCA’s Central Asia Balance Sheet. That scale helps generate the fiscal resources needed to build and maintain the municipal infrastructure that supports business activity. Kazakhstan also has Central Asia’s most developed capital markets. The combination of the Kazakhstan Stock Exchange (KASE) in Almaty and the Astana International Financial Centre (AIFC) and Astana International Exchange (AIX) in Astana gives companies access to equity, debt, institutional investors and financial infrastructure at a scale no other market in the region currently matches. Kazakhstan is also the only Central Asian country with an investment-grade sovereign rating, lowering the country-risk premium and helping reduce financing costs for companies and projects relative to lower-rated regional markets. These advantages have been reinforced over decades. Almaty and Astana have long served as regional bases for major global companies, creating an established ecosystem of corporate management, finance, professional services and skilled labor. That track record, in turn, strengthens their ability to attract further investment and regional headquarters. Tashkent and Bishkek are also growing rapidly Then there is Tashkent. Uzbekistan’s political and commercial capital had an economy of about $29 billion in 2025, about 40% the size of Almaty’s and three-quarters that of Astana. Tashkent has also experienced rapid growth, with its economy growing by 11.3% in real terms in 2025, according to preliminary national figures. Tashkent benefits from Uzbekistan’s demographic scale. The country’s population is almost twice Kazakhstan’s, giving its capital access to a much larger domestic market and labor pool. But that scale also raises the need for sustained job creation and continued investment in housing and infrastructure. If productivity and investment fail to keep pace with population growth, the demographic advantage could increasingly act as a constraint rather than help Tashkent close the gap with Almaty and Astana. Almaty and Astana, meanwhile, generate substantially more economic output per resident. In 2025, Gross Regional Product (GRP) per capita was approximately $29,900 in Almaty and $23,700 in Astana, compared with about $9,300 in Tashkent, using reporting-year average exchange rates. These figures measure output per resident, not labor productivity, household income or living standards. Like Tashkent, Bishkek combines the roles of political capital and principal economic center. On the reporting years used here, however, its economy is only about 30% as large. Its economy grew by 15.8% in 2024, according to Kyrgyzstan’s...

A Little Bit of America at the World Nomad Games

The “Universe of Nomads” ethno-town at the 6th World Nomad Games contains roughly 500 yurts spread across the mountain pasture at Kyrchyn, beneath the forested slopes of the Kungey Ala-Too Mountains. Among them, visitors may be surprised to come across the Stars and Stripes flying beside the Kyrgyz flag at the entrance to one particular yurt. Nearby, a cardboard cowboy with a hole where the face should be invites them to poke their heads through for a photograph. Inside, a Kyrgyz host in a cowboy hat welcomes visitors and introduces them to the Founding Fathers and, indeed, Mothers of the United States before inviting them to pose on a bale of hay beside a cutout of George Washington and a covered-wagon backdrop. The U.S., it turns out, is represented by two adjacent yurts, and Katarina Lage Ramos, a diplomat and spokesperson for the U.S. Embassy in Bishkek, is on hand to explain their purpose. The historical display marks 250 years since U.S. independence. Ramos is attending the World Nomad Games for the first time, although she said the embassy has taken part in previous editions held in the country. She explained that a Blackfeet drum in the yurt had been donated by the Montana National Guard and would later be presented to Kyrgyz military representatives following a joint disaster-preparedness exercise. The Montana National Guard and Kyrgyzstan have worked together since 1996 through the State Partnership Program, with joint training in disaster relief and border security. Next door, another yurt houses a small makerspace with a 3D printer brought from the American Center in Bishkek. Ramos said such spaces give young people practical experience with programming and digital design. Based at the Bayalinov Republican Youth and Children’s Library, the center “started out as a little corner,” Ramos said, and has since expanded onto the second floor. Its 160-square-meter Maker Space was upgraded in 2019 and offers free, hands-on technology programs. Alumni and exchange participants can also organize events there without charge. A U.S. State Department grant funded an elevator at the library in 2024, allowing people with disabilities to access the American Center and its programs independently. Outside the two yurts, Kyrgyz visitors, young and old, eagerly try cornhole and a mini, kid-sized lacrosse game. Cornhole is a simple DIY game in which players throw beanbags toward a hole cut into a wooden board. With roots in games played by Indigenous peoples of North America centuries before European contact, lacrosse is a convenient tie-in with the World Nomad Games. While interest in the Games grows among Western tourists, including those from the U.S., the embassy brings to Kyrchyn what Ramos called “a little bit of America.” For more from our World Nomad Games 2026 special coverage, click here.

Tokayev Congratulates Trump as Kazakhstan Marks America’s 250th Independence Anniversary

Tokayev Congratulates Trump as Kazakhstan Marks America’s 250th Independence Anniversary ASTANA — President Kassym-Jomart Tokayev congratulated U.S. President Donald Trump on the 250th anniversary of the independence of the United States, calling the milestone a symbol of the American people’s enduring commitment to freedom, equality and justice. In his message, Tokayev noted Trump’s personal contribution to the continued development of Kazakh-American relations and reaffirmed Kazakhstan’s readiness to further strengthen the expanded strategic partnership between the two countries. The Kazakh leader wished Trump success in his state duties and extended wishes of well-being and prosperity to the American people. The congratulatory message came as Kazakhstan joined U.S. Independence Day commemorations marking America’s semiquincentennial. In a separate celebration of the bilateral relationship, the U.S. Embassy in Kazakhstan announced that several prominent landmarks would be illuminated in honor of America’s 250th anniversary. The buildings include Astana’s Nur Alem sphere and Kazakhstan Temir Zholy building, as well as Almaty’s Kok-Tobe tower. The U.S. embassy described the illumination as a symbol of the U.S.-Kazakhstan relationship, noting that the anniversary also coincides with 35 years of diplomatic relations between the two countries. [caption id="attachment_51530" align="alignnone" width="2560"] Nur Alem Sphere and Kazakhstan Temir Zholy building in Astana, July 4, 2026[/caption] The coordinated gestures underscored the steady growth of ties between Astana and Washington, which have expanded across diplomacy, trade, investment, energy, security and people-to-people contacts since Kazakhstan’s independence. For Kazakhstan, the anniversary offered an opportunity to recognize a historic American milestone while also highlighting the durability of its own partnership with the United States. Together, Tokayev’s message and the illumination of landmark buildings in Astana and Almaty placed Kazakhstan among the countries marking the United States’ 250th Independence Day through official greetings and public displays of friendship.