Economic Developments - April 2019

Turkmenistan is offering public-sector office employees street-sweeping work as an alternative to complete dismissal as part of an ongoing downsizing of its government. Among those asked to consider this occupation are state accountants, economists and engineering staff. Reports throughout last year indicated that stretched government finances had prompted public sector agencies in Turkmenistan to cut their workforce.

ADB has commended Uzbekistan on its reform agenda and management of country’s transformation to a market-based economy. ADB confirmed its strong support for government’s development and reform agenda and expressed confidence in the country’s economic prospects. ADB is preparing a new 5-year Country Partnership Strategy (CPS) for Uzbekistan to establish a stronger foundation for inclusive, diversified, and sustainable economic growth, improving governance and institutional capacity, and promoting regional cooperation and connectivity. 

Russian Ambassador to China has said that Russia wants more integration between ‘Belt and Road Initiative’ and Central Asian economic and security groups. Ambassador denied there was a growing anti-Chinese sentiment among the Russian public and said the two countries should combine their resources instead of competing with each other. He said that China’s engagement in Central Asia is mainly economic. Rather than a threat, Russia regarded Beijing as a force to boost regional economies. He added that Chinese engagement in Central Asia does not hurt Russian interests.

April 30, 2019

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About the Author

Ambassador Ashok Sajjanhar

Former Ambassador of India to Kazakhstan, Sweden and Latvia; President, Institute of Global Studies and Distinguished Fellow, Ananta Centre

Ambassador Ashok Sajjanhar belongs to the Indian Foreign Service and has acquitted his responsibilities in the diplomatic service for 34 years. He was Ambassador of India to Kazakhstan, Sweden and Latvia and has worked in senior diplomatic positions in Indian Embassies/Missions in Washington DC, Brussels, Moscow, Geneva, Tehran, Dhaka and Bangkok and also at Headquarters in India. He negotiated for India in the Uruguay Round of Multilateral Trade Negotiations and in negotiations for India-EU, India-ASEAN and India-Thailand Free Trade Agreements.

He contributed significantly to strengthening strategic ties and promoting cultural cooperation between India and USA, EU, Russia and other countries.Ambassador Sajjanhar worked as head of National Foundation for Communal Harmony to promote amity and understanding between different religions, faiths and beliefs. Ambassador Sajjanhar has been decorated by Governments of Kazakhstan and Latvia with their National Awards and by Universal Peace Federation with Title of ''Ambassador of Peace.'' Currently Ambassador Sajjanhar is President of Institute of Global Studies, New Delhi. He writes, travels and speaks extensively on issues relating to international relations, foreign policy and themes of contemporary relevance and significance. He appears widely on TV panel discussions. Ambassador Sajjanhar is interested in reading, music and travelling. His wife Madhu is an economist and an educationist. They have a son and a daughter both of who are accomplished singers. Their son passed out of Yale University and their daughter is pursuing her PhD at University of Minnesota.