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Opening Up in the Caucasus and Central Asia

Policy Frameworks to Support Regional and Global Integration

Peter J. Kunzel (author) Phil De Imus (author)
Edward R. Gemayel (author)
Risto Herrala (author)
Alexei P. Kireyev (author)
Farid Talishli (author)

ISBN: 9781484358177

Publication Date: Oct 2018

Format: Paperback

Demonstrates that the Caucasus and Central Asia (CCA) region needs to find new growth drivers, diversify away from natural resources, remittances, and public spending, and generate much stronger private sector-led activity.
£19.95

Temporarily out of stock: usually despatched in 10-14 days

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The Caucasus and Central Asia (CCA) countries are at an important juncture in their economic transition. Following significant economic progress during the 2000s, recent external shocks have revealed the underlying vulnerabilities of the current growth model. Lower commodity prices, weaker remittances, and slower growth in key trading partners reduced CCA growth, weakened external and fiscal balances, and raised public debt. the financial sector was also hit hard by large foreign exchange losses. while commodity prices have recovered somewhat since late 2014, to boost its economic potential, the region needs to find new growth drivers, diversify away from natural resources, remittances, and public spending, and generate much stronger private sector-led activity.
Pages 59
Dimensions 229 x 152
Date Published 30 Oct 2018
Publisher International Monetary Fund
Series Departmental Papers / Policy Papers
Subject/s International economics   Economic growth   Economic forecasting   Behavioural economics  

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