“I like this atmosphere,” said Muzafar, a 20-something volunteer at the American Corner, an outreach program of the U.S. Embassy, as we walked along a boulevard in the Tajikistan capital city of Dushanbe. “I just remember the civil war, growing up, and now these days!”
Measures to halt inflows of capital from abroad should be used only if other options fail and central banks must eventually prepare to reverse unconventional monetary policy, said Switzerland’s Finance Minister Eveline Widmer-Schlumpf.
Iran and Turkmenistan reached an agreement for the Persian Gulf country to export goods to Turkmenistan in exchange for some of the natural gas it purchases from its northern neighbor, a trade official said.
The United Arab Emirates is tapping its $328 billion sovereign wealth fund to invest in gas-rich Turkmenistan, seeking fuel for its own use while potentially challenging Russia’s dominance as a supplier to Europe.