BISHKEK (TCA) — Economic growth in Europe and Central Asia is anticipated to ease to 2.9 percent in 2018 from an estimated 3.7 percent in 2017, the World Bank says in its January 2018 Global Economic Prospects.
With Edwards relocating to Central Asia experts warn of inevitable instability in Kyrgyzstan. This would benefit the US and hinder China's economic expansion to the east. What’s more, this move infuriates Russia, which does not need a hotbed of instability at its southern borders. After all, there is no guarantee that the flames of unrest would not spread from Kyrgyzstan to the neighboring countries.
By Nigar Guliyeva – Trend: The European Bank for Reconstruction and Development (EBRD) signed the risk sharing accord with the First MicroFinance Bank (FMFB), the EBRD reported.
Jumaboi Sanginov, former deputy head of the Sugdiisky region and a member of the intergovernmental commission for the delimitation and demarcation of the state border of Tajikistan and Kyrgyzstan, said the last statement of outgoing President Almazbek Atambayev were quite “inappropriate.”
Trend: Kazakhstan will provide a humanitarian assistance worth 128,685 million tenge to Tajikistan for the purchase of fuel oil in accordance with the resolution of the Government of Kazakhstan.
worldview.stratfor.com: Uzbekistan is taking another small step away from its isolationist past. On Nov. 7, Uzbekistan and neighboring Tajikistan reached a preliminary agreement to rejoin their power supply networks. According to the head of the department for strategic development of Uzbek state energy company Uzbekenergo, the country is ready to activate the 500-kilovolt line as well as the four 200-kilovolt lines built between the Uzbek and Tajik power grids. The announcement indicates relations are warming between Uzbekistan and its neighbors under Uzbek President Shavkat Mirziyoyev.
AKIPRESS.COM - Some 13 cooperation documents have been signed as a result of the high level talks between Presidents of Tajikistana and Turkmenistan today in Dushanbe, the Tajik President's press service reported.
The Central Asian countries are continuing improving their economic situation to facilitate foreign business partners to do their business in the region, recent World Bank Group’s annual Doing Business 2018 said. According to the report, Uzbekistan, of all the Central Asian states, boasts the most improved economy and made the top ten list of "most improved economies in the world in 2016-17".
Tajik police detained a prominent businessman, leaving room for the president’s son-in-law.
In Kazakhstan, extreme poverty has been virtually eradicated, while the middle-class has grown to around 20% of the population. The Kyrgyz Republic and Tajikistan have managed to halve their rates of poverty over the past decade and are continuing to make progress. In Uzbekistan and Turkmenistan, poverty is now mostly a rural phenomenon. These hard-earned success stories are a testament to what can be accomplished when the benefits of economic growth are shared more broadly across society.