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Asia Maior 2017
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Asia maior (2017) Directed by M. Torri, , E. Basile, N. Mocci Viella ISBN-10: 8833130444 ISBN-13: 978-8833130446 In previous years, the authors of Asia Maior volumes have been arguing that the dominant leitmotiv in the present evolution of Asia was the conflict between a declining world hegemon, the US, and a rising challenger, China. At this time, the US long-term decline was a stark reality that was evident “not only for the Chinese ruling elite, but for whoever analysed the present historical phase without the blinkers of Eurocentric conceit”. The fact that the Roman Empire was on a steeply declining trend had clearly been perceived by the members of its intellectual elites well before the final fall. The decline and fall of the Roman Empire was a long-drawn affair, not without important and partially successful attempts at reversing it. For the authors, Trump’s new foreign economic policy in Asia was badly conceived, designed to either hurt or alarm even long-term or potential US allies, difficult to apply and, ultimately, (...)
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Vostochny Cosmodrome to Rescue OneWeb
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The first launch of the Soyuz 2.1b rocket with OneWeb satellites from Baikonur was previously postponed and is planned for June 2019, the agency’s interlocutor said, who added: However, there were disagreements with the Kazakh side in the issue of coordinating the areas of the side blocks of the first stage of the carrier rocket in Dzhangeldi region of the Kostanay region. According to him, the parties are far from consensus, there is a threat that the June launch of 2019 will not yet receive a permit: “Then the launch may have to be postponed”. In turn, a source in the administration of Yakutia told Interfax that local authorities have not yet agreed with the Roskosmos state corporation on the decision to open new areas for the fall of detachable rocket parts during launches from the Vostochny space center. (...) -
EBRD Supports Kazakh Launch of New Financial Hub
In an attempt to bolster the country’s role as a major financial hub in Central Asia and along the route of the Belt and Road Initiative the government of Kazakhstan has officially inaugurated the Astana International Financial Centre (AIFC) in the capital today. The AIFC development plays an important role in the overall reform agenda of the country: it will help channel domestic and foreign investment to Kazakhstan, stimulate growth, set new standards of corporate governance, and promote skills transfer and green innovation. The Centre is expected to attract international investors to finance large-scale infrastructure projects and will play a vital role in the privatisation of large blue-chip companies – one the country’s key reform challenges. The AIFC will be governed by English law and subject to (...)
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Uzbekistan Goes Electric
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In the same time, we learned that the Chinese company Changan Automobile Group intends to organize the production of electric vehicles (EV) in Uzbekistan’s Ferghana Valley. Talks on the issue were held recently in the Ministry of Innovative Development of Uzbekistan. Representatives of the Chinese company expressed their intention to consider the (...) -
Opening Up in the Caucasus and Central Asia
Opening Up in the Caucasus and Central Asia (PDF) This Departmental Paper was prepared by IMF staff under the supervision of Juha Kähkönen and Mark Horton. (Click to download)
External shocks that have affected the CCA region since 2014 have placed pressure on macroeconomic balances and the current growth model. As a result of lower commodity prices, (...)
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EU4Energy Policy Forum in Kyrgyzstan
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EU4Energy Forum in Issyk Kul The forum is being attended by over 80 participants from the 11 IEA EU4Energy countries. (Photo: courtesy of IEA) Over 80 participants, including officials and experts from the 11 IEA EU4Energy countries (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine and Uzbekistan) are attending the forum. The aim is to promote policy discussion on energy subsidies and, in particular, to address government practices (...) -
Cash Restricted Turkmenistan
Turkmenistan has run a double-digit current account deficit for the three past years, according to the International Monetary Fund (IMF) data, although this year the hole is projected to contract to 9% of GDP or $3.8 bln, from last year’s 11.5%t, or $4.4 bln.
Hans Timmer, chief economist for Europe and Central Asia at the World Bank, said Turkmenistan’s current account deficit “is not really sustainable in the long run and foreign currency shortages reduce productive potential”.
The World (...)
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Decade of Action for Water Resources
The heads of state and government, ministers and other high-level officials participated in this historic event together with representatives of international and regional organizations, local authorities, civil society, the private sector and academia.
The President of the 72nd session of the United Nations General Assembly, Miroslav Lajčák, identified sustainable development as a priority. Therefore, on World Water Day, 22 March 2018, he launched the International Decade for Action: (...)
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