Tuesday, 16 June 2020 00:00

Azerbaijan's Economy Takes a Double Blow

By Natalia Konarzewska 

June 16, 2020, the CACI Analyst

The collapse of oil prices and oil demand along with the economic shutdown imposed to fight the coronavirus pandemic are putting a strain on Azerbaijan’s economy. The upheaval on the global oil market has exposed fragilities in Azerbaijan’s banking system as four of its banks were recently put under temporary administration of the central bank and others had their capital requirements relaxed. The government has introduced economic and social packages to mitigate the consequences of the crisis; however, growth forecasts in 2020 remain pessimistic.

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Published in Analytical Articles

By Bakhrom Radjabov 

June 4, 2020, the CACI Analyst

Since January, COVID-19 (coronavirus) has reached the level of a global pandemic. At first, some Central Asian republics seemed to be virus-free islands with zero confirmed infection cases. Afghanistan confirmed its first COVID-19 case on February 24, followed by a closure of the borders with other Central Asian republics. Kazakhstan discovered its first cases of COVID-19 on March 13, and Uzbekistan on March 15. Kyrgyzstan confirmed its first case on March 18 whereas Tajikistan did not report any cases until April 30. Before this date, the country allowed mass gatherings, including the celebration of Navruz, which was cancelled by other Central Asian governments. Turkmen authorities have so far not officially reported any cases of COVID-19 in the country.  

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Published in Analytical Articles

By Umair Jamal

April 13, 2020, the CACI Analyst

Pakistan’s Corona virus cases have doubled over the past few days after hundreds of pilgrims returning from Iran tested positive. In response to the Pakistani government’s attempt to impose a lockdown on thousands of Shias at the Iran-Pakistan border, the community has vowed to start a mass movement against the state. Pakistan’s Iran border has become its single biggest security threat with regional and global implications. Given that Pakistan is a nuclear-armed state with a weakening economy, a weak health care system, a controversial regional security policy and a blooming militant landscape, the region and the world at large should follow developments in the country closely.

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Published in Analytical Articles

By Nurlan Aliyev

July 22, 2019, the CACI Analyst

Russia’s minister of North Caucasus Affairs Sergey Chebotarev recently stated that Russia’s ports in the Caspian and Black Seas will become hubs in a new transport corridor, providing an alternative to the current transport corridor through the South Caucasus. In April, presidential adviser Igor Levitin underlined the necessity of transport projects in the Caspian Sea, aiming to connect Russia’s North and the South transportation links. The Russian government has recently announced several ambitious projects in the Caspian, designed to improve Russia’s strategic and economic presence in the region.

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Published in Analytical Articles

 By Rafis Abazov

October 16, 2018, the CACI Analyst

During the Astana Financial Days event in July 2018, President Nursultan Nazarbayev of Kazakhstan announced and personally endorsed the opening of the Astana International Financial Center (AIFC). He envisions that the AIFC will provide financial services “not only for Kazakhstan, but also for the whole world.” If successful, the AIFC can contribute to diversifying the financial resources for Kazakhstan’s national and international projects. Through its proper implementation, the government of Kazakhstan can develop a tool for improving collaboration with neighboring countries in Central Asia in the industrial, agricultural and tourism sectors, making the Central Asian section of the Silk Road more attractive for business and financial deals. In addition, the Center can become a real financial hub not only for Kazakhstan and Central Asia but also for the wider Eurasia region if it is capable of attracting enough financial resources from large international players.

 

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Published in Analytical Articles
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Staff Publications

Oped S. Frederick Starr, Russia Needs Its Own Charles de Gaulle,  Foreign Policy, July 21, 2022.

2206-StarrSilk 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.

StronguniquecoverBook 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.

The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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