India-Central Asia Dialogue

On 6th June 2025, at the 4th India-Central Asia Dialogue held in New Delhi, India and five Central Asian nations emphasized deeper financial connectivity and reaffirmed their joint commitment to combat terrorism.

Key Points

Boosting Financial Connectivity: The countries agreed to strengthen interbank ties, promote trade in national currencies, and explore digital payment systems to foster trade, investment, tourism, and exchanges.
Joint Working Group Proposed: A proposal to establish a Joint Working Group on financial and banking cooperation was welcomed to deepen monetary linkages.
Participating Nations: The meeting, chaired by India’s External Affairs Minister saw participation from Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.
Condemnation of Terrorism: The Ministers strongly condemned the terrorist attack in Pahalgam and called for global action, including the urgent adoption of the UN Comprehensive Convention on International Terrorism.
Global Cooperation Against Terror: They underscored the need for stricter implementation of UN Security Council resolutions, FATF norms, and the UN Global Counter-Terrorism Strateg
Connectivity Priorities: The countries highlighted the potential of the International North-South Transport Corridor (INSTC) to boost regional connectivity and trade.
Principles for Connectivity Projects: They agreed connectivity efforts must prioritize transparency, inclusivity, local interests, and financial viability.