Nearly 100,000 people have been displaced in Uzbekistan and Kazakhstan after an Uzbek dam burst, flooding thousands of homes and destroying agricultural fields.
All in Economy
Nearly 100,000 people have been displaced in Uzbekistan and Kazakhstan after an Uzbek dam burst, flooding thousands of homes and destroying agricultural fields.
Russia’s lockdown to slow the spread of COVID-19 is compounding the economic crisis in Tajikistan, where remittances from migrant workers make up 30 percent of gross domestic product.
Tajikistan registered its first coronavirus cases on Thursday, one of the last countries in the world to
confirm it had been affected by the pandemic.
In February, Renaissance Capital crowned Kazakhstan its "top pick for equity investors in the frontier markets" of Europe, Africa and the Middle East. But the COVID-19 crisis has quickly derailed a long-awaited recovery.
Kyrgyzstan's government said Wednesday it was in talks with China to restructure nearly $2 billion in loans after having asking Beijing for debt relief in light of the coronavirus pandemic.
COVID-19 has not stopped thesewing machines at Zukhra Kemelbekova’s factory in northern Kyrgyzstan. Her seamstresses are busy making protective gowns and masks.
Kyrgyzstan admitted Thursday its medical staff face a "huge threat" from COVID-19, with infections within the medical community accounting for almost 20 percent of the Central Asian country's total.
Uzbekistan asked global retailers and apparel brands to lift a long-lasting boycott on its key cotton crop Thursday, citing its overhaul of forced labour practices and the virus pandemic's economic shocks.
Kyrgyzstan on Tuesday asked China for debt relief, as the impoverished Central Asian state struggles with the economic shocks of the novel coronavirus pandemic.
Isolated Turkmenistan, which held mass aerobic exercises and a cycling event with coordinated tracksuits this week, is one of only a handful of countries to have reported no coronavirus cases.