CENTRAL ASIAN UNION INSTITUTIONALIZED BUT SLOW TO DEVELOP.

Publication: Monitor Volume: 3 Issue: 230

Prime Ministers Utkir Sultanov of Uzbekistan, Nurlan Balgimbaev of Kazakhstan, and Apas Jumagulov of Kyrgyzstan held on December 8 in Tashkent a regular quarterly meeting in the framework of the tripartite Central Asian Union. The premiers discussed the activity of the joint Central Asian Bank and the creation of consortiums of the three countries in specific economic sectors. (Russian agencies, December 8-9)

Officially launched earlier this year, the plan to create the consortiums is moving at a snail’s pace. The already existing joint bank suffers from a shortage of capital and mutual convertibility problems. The three countries are signatory to an agreement to establish a "common economic space" as part of the Central Asian Union. Its slow start notwithstanding, the Union’s very emergence and agenda illustrate the fragmentation of the CIS into subgroups of countries.

____________________________________________________________________________________________

The Monitor is a publication of the Jamestown Foundation. It is researched and written under the direction of Senior Analysts Elizabeth Teague, Vladimir Socor, Stephen Foye, and Analysts Igor Rotar, Douglas Clarke, Ben Slay, Peter Rutland, Sally Cummings, and Roger Kangas.

If you would like information on subscribing to the Monitor, or have any comments, suggestions or questions, please contact us by e-mail at <[email protected]>, by fax at 202-483-8337, or by postal mail at The Jamestown Foundation, 1528 18th Street NW, Washington, DC 20036.

Unauthorized reproduction or redistribution of the Monitor is strictly prohibited by law.

The Monitor is a publication of the Jamestown Foundation. It is researched and written under the direction of senior analysts Jonas Bernstein, Vladimir Socor, Stephen Foye, and analysts Ilya Malyakin, Oleg Varfolomeyev and Ilias Bogatyrev. If you have any questions regarding the content of the Monitor, please contact the foundation. If you would like information on subscribing to the Monitor, or have any comments, suggestions or questions, please contact us by e-mail at [email protected], by fax at 301-562-8021, or by postal mail at The Jamestown Foundation, 4516 43rd Street NW, Washington DC 20016. Unauthorized reproduction or redistribution of the Monitor is strictly prohibited by law. Copyright (c) 1983-2002 The Jamestown Foundation Site Maintenance by Johnny Flash Productions