Tajikistan’s $500mn Eurobond debut is intended to fund construction of the Rogun dam and help Central Asia’s poorest country become a regional energy exporter, yet Dushanbe has a history of being an unreliable financial partner.
The money could have been spent on wind farms instead, says one visitor to space age green energy themed exhibition, as renewable energy potential remains unused in fossil fuel rich Kazakhstan.
The winds of change are blowing in Central Asia. The removal of currency controls in Uzbekistan on September 5 could lead to a flood of investment and a sustained boom in the region's most populous country.
But Tehran has been disappointed up to now by New Delhi's sluggishness in developing Chabahar.
Uzbekistan’s new President Shavkat Mirziyoyev has announced plans to scrap foreign exchange restrictions that have stifled trade and investment since the 1990s.