China's Policy Bank Investment Profits from Uzbekistan's Monetary Policy Reform
By Tristan Kenderdine
April 16, 2018, the CACI Analyst
Following high-profile visits by Premier Li Keqiang in 2015 and Xi Jinping in 2016, China’s is domestically devolving its trade and industrial relationship with Uzbekistan to provincial and prefectural levels of government. However, financing for China’s investment in Uzbekistan remains either directly invested or indirectly coordinated by one of China’s three central policy banks, Export-Import Bank of China, China Development Bank, and the Agricultural Development Bank of China. Since 2014, the Exim Bank has committed to fund Belt and Road projects worth around US$ 120 billion, which corresponds to nearly a full year’s GDP for Uzbekistan. These quasi-sovereign wealth funds certainly pose a systemic debt risk, but are not necessarily a debt-trap.
New Central Asia But Old Great Game? Ramifications of the Consultative Meeting in Astana
By Farkhod Tolipov
April 10, 2018, the CACI Analyst
On March 15, 2018, the presidents of Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan and the speaker of Turkmenistan’s parliament gathered in Kazakhstan’s capital Astana for a long-awaited meeting. Notably, the meeting was five-lateral, not four-lateral like previous meetings, and was consultative. Over 10 years have passed since the latest regional meeting of the Central Asian leaders. Not least for geopolitical reasons, the regional integration process that started in 1991 has since declined. This consultative meeting signaled a possible revitalization of regional cooperation, while the region remains in the shadow of great power politics.
The Reemerging Self-Confidence of Central Asia
By Johan Engvall
March 22, 2018, the CACI Analyst
Something is stirring in Central Asia. The past two weeks have seen a flurry of bilateral and multilateral get-togethers, starting on March 9, when Uzbekistan’s President Shavkat Mirziyoyev arrived with great fanfare in Dushanbe for the first state visit of a president of Uzbekistan to Tajikistan since 2000. Less than a week later, on March 15, the presidents of Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan as well as the speaker of Turkmenistan’s parliament gathered in Astana for the first exclusively regional “summit” in almost a decade. What do these meetings, each producing several intriguing bilateral and multilateral agreements and statements, mean for the prospects of Central Asian countries finally embarking upon a path of development through cooperation?
Deepening Central Asian Nonproliferation Partnerships
By Richard Weitz
February 22, 2018, the CACI Analyst
Preventing the proliferation of weapons of mass destruction (WMD) has been a priority for Uzbek-U.S. and Kazak-U.S. relations for decades. Uzbekistan and Kazakhstan are surrounded by nuclear weapons states and lie at the crossroads of potential WMD trafficking routes. As the U.S. struggles to keep North Korea and Iran from obtaining nuclear weapons, deny WMDs from terrorists and other actors, and sustain a major security presence in Central Asia, partnering with Uzbekistan and Kazakhstan against WMDs offers low-cost, high-yield opportunities.
Baku-Tbilisi-Kars Railway to Become Central Asia's Gateway to Europe
By Fuad Shahbazov
December 7, 2017, the CACI Analyst
On October 30, 2017, Azerbaijan’s President Ilham Aliyev, along with Turkey’s President Recep Tayyip Erdogan, Georgia’s Prime-minister Giorgi Kvirikashvili, Kazakhstan’s Prime Minister Bakytzhan Sagintayev, and Uzbekistan’s Prime Minister Abdulla Aripov attended the opening ceremony of the long-delayed Baku-Tbilisi-Kars (BTK) railway. “The opening of the railway is of historic and strategic significance,” Aliyev said at the ceremony in the Caspian port city of Alat, south of Baku, to mark the departure of the first trains. In fact, the opening of the new railway provides an alternative route to existing rail services carrying goods from Asia to Europe.
Visit also
Staff Publications
Silk Road Paper S. Frederick Starr, U.S. Policy in Central Asia through Central Asian Eyes, May 2023.
Analysis Svante E. Cornell, "Promise and Peril in the Caucasus," AFPC Insights, March 30, 2023.
Oped S. Frederick Starr, Putin's War In Ukraine and the Crimean War), 19fourtyfive, January 2, 2023
Oped S. Frederick Starr, Russia Needs Its Own Charles de Gaulle, Foreign Policy, July 21, 2022.
Silk Road Paper S. Frederick Starr, Rethinking Greater Central Asia: American and Western Stakes in the Region and How to Advance Them, June 2022
Oped Svante E. Cornell & Albert Barro, With referendum, Kazakh President pushes for reforms, Euractiv, June 3, 2022.
Oped Svante E. Cornell Russia's Southern Neighbors Take a Stand, The Hill, May 6, 2022.
Silk Road Paper Johan Engvall, Between Bandits and Bureaucrats: 30 Years of Parliamentary Development in Kyrgyzstan, January 2022.
Oped Svante E. Cornell, No, The War in Ukraine is not about NATO, The Hill, March 9, 2022.
Analysis Svante E. Cornell, Kazakhstan’s Crisis Calls for a Central Asia Policy Reboot, The National Interest, January 34, 2022.
Book S. Frederick Starr and Svante E. Cornell, Strong and Unique: Three Decades of U.S.-Kazakhstan Partnership, Central Asia-Caucasus Institute, December 2021.
Silk Road Paper Svante E. Cornell, S. Frederick Starr & Albert Barro, Political and Economic Reforms in Kazakhstan Under President Tokayev, November 2021.