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WB Additional Financing for Poorest Tajiks
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In fiscal years 2015-2018, the World Bank will provide its support to Tajikistan through the existing portfolio of projects along with new investments in education, water and sanitation, irrigation, transport, and public financial management. Through analytical work and development policy lending, the Bank will also support structural reforms in the energy and financial sectors to help stimulate stronger growth. Social Safety Net Strengthening Project (PDF) This Project Paper seeks approval of the Executive Directors to provide the Additional Financing in the amount of $1.8 mln through a grant and a credit for the Tajikistan’s Social Safety Net Strengthening Project (P122039), including changes to the Financing Agreement. (...)
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KazNU and its Supercomputer
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In 2015, President Nazarbayev suggested his Chinese counterpart Xi Jinping to create a world-class technology park, a Kazakhstan’s analogue of the Silicon Valley, at the Al-Farabi Kazakh National University. The KazNU joined forces with the University Alliance of the Silk Road, which unites over 130 universities, to turn this idea into reality. The ambitious project was supported by the Alliance Executive Committee and Russia’s Skolkovo which wants to cooperate with KazNU in the sphere of innovations, science and high technologies. Supercomputers Sunway TaihuLight This Chinese supercomputer is, as of November 2017, ranked number one in the TOP500 list as the fastest supercomputer in the (...) -
IMF and Bankig Law in Kyrgyzstan
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Last month, deputies of the Committee of the Parliament on Economic and Fiscal Policy refused to adopt amendments to the law on the Kyrgyz National Bank and banking operations, which the International Monetary Fund insists on. The amendments propose to change the management structure of the National Bank so that the Chairman and two his deputies to have administrative and managerial powers. At the same time, it was proposed to increase the number of board members, who monitor and analyze the bank management process, from three to five. In addition, it is proposed to declare paragraphs 11 and 12 of Part 1 of Article 18 of this Law invalid. They say that the National Bank can carry out (...)
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KazMunayGas Affirmed at BB- by S&P
The affirmation reflects the view of S&P that KMG’s credit metrics will likely improve, owing to the potential upstreaming of KMGEP’s cash to KMG after the minority shareholder buyout, higher oil prices, and the expected completion of key capital expenditure (capex) projects. In addition, S&P expects the recent extension to 2020-2022 of KMG’s (...)
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Moody’s Perspective for CIS
However, the legacy of higher government debt, high levels of economy-wide foreign-currency debt and banking sector weaknesses leave sovereigns in the CIS vulnerable to negative shocks, which could stem from sharply rising interest rates and/or significant local-currency depreciation in 2018.
Furthermore, political tensions remain an ongoing source of (...)
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The Institutionalization of Mobility
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The Institutionalization of Mobility Institute for Asian and African Studies, Humboldt Universität zu Berlin, Berlin, Germany (Click to download the article in PDF format) Since the collapse of the Soviet Union in 1991, the empire’s former southern periphery in Central Asia has developed into a vibrant hub for the movement of people, commodities and ideas between the international West, the Muslim South and the neighbouring (super)powers (...) -
New Parliamentary Complex in Dushanbe
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The new building of the parliament of Tajikistan will be built with the financing of China, the head of the Committee on Architecture and Urban Development of the Republic of Tatarstan Jamshed Ahmadzoda (جمشید احمدزاده) said at a meeting with journalists on Wednesday in Dushanbe. Construction of the parliament is expected to begin later this year and the money has been “allocated by the Chinese side”, Tajik official said, adding “The design work has (...) -
New UN Report on War in Afghanistan
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Extreme harm to Afghan civilians continues as suicide attacks worsen, latest UN report shows (PDF) (Click to download) “The human cost of this ugly war in Afghanistan — loss of life, destruction and immense suffering — is too far too high,” said the Special Representative of the Secretary-General for Afghanistan and head of the UN Assistance Mission in Afghanistan (UNAMA), Tadamichi Yamamoto, in a news release today. “The continued use of (...)
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