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The Caucasus and Central Asia (Russian Language)

Transitioning to Emerging Markets

International Monetary Fund (author)

ISBN: 9781498349581

Publication Date: Sep 2020

Format: Paperback

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly-on average by 7% over 1996�2011 than those in many other regions of the world and poverty has declined. Fiscal policies were broadly successful in building buffers prior to the global crisis and those buffers were used effectively by many CCA countries to support growth and protect the most vulnerable.
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The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly-on average by 7 percent over 1996�2011- than those in many other regions of the world and poverty has declined. Inflation has come down sharply from high rates in the 1990s and interest rates have fallen. Financial sectors have deepened somewhat, as evidenced by higher deposits and lending. Fiscal policies were broadly successful in building buffers prior to the global crisis and those buffers were used effectively by many CCA countries to support growth and protect the most vulnerable as the crisis washed across the region. CCA oil and gas exporters have achieved significant improvements in living standards with the use of their energy wealth.
Pages 84
Dimensions 229 x 152
Date Published 30 Sep 2020
Publisher International Monetary Fund
Subject/s Macroeconomics  

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