Digital Finance & Regional Connectivity: At the CAMCA Regional Forum in Baku, fintech and banking leaders discussed how firms can expand across borders using shared payment rails, cross-border settlement pilots, and clearer regulation—turning “digital Silk Road” ambition into practical market entry. Energy Security & Sanctions Risk: Tajikistan has started receiving Iranian oil and petroleum products, potentially diversifying supply beyond Russia, but the move also raises questions about possible US secondary sanctions exposure. Power Trade (CASA-1000): Tajik officials met World Bank and Afghanistan’s power utility to review CASA-1000 progress; construction is finished in Tajikistan, Kyrgyzstan and Pakistan, while Afghanistan works are expected to wrap by spring 2027. Aviation Connectivity: Tajikistan ratified an air services deal with the UAE to increase flight frequency and enable onward routes, aiming to boost tourism, investment and trade logistics. Business Support for Small Industry: UNDP highlighted how a Tajik dried-fruit producer expanded capacity and jobs with equipment and packaging upgrades, reflecting broader “aid for trade” efforts to help small businesses process harvests and sell more profitably. US Policy Watch: The US rolled out a visa bond program for B1/B2 applicants from 50 countries (India not included), with bond amounts set during interviews.