Yingming Yang, Vice-President, Asian Development Bank, and Bo Li, Deputy Managing Director, International Monetary Fund Despite heightened global uncertainty and persistent geopolitical tensions, the Caucasus and Central Asia have continued to surprise on the upside. Growth in the subregion, which includes Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, … [Read more...]
IMF predicts slight slowdown in economic growth in Central Asia and Caucasus Region
IMF has predicted a slight slowdown in the economic growth in the Central Asia and Caucasus region in the near- to mid-term assessment. The IMF Regional Economic Outlook for Middle East and Central Asia, released on 1 May 2025 at a press conference in Dubai, says, “Economies in the CCA region experienced robust output growth in 2024, exceeding the October 2024 REO … [Read more...]
Five Steps to Economic Resilience in the Caucasus and Central Asia
By Eugene Zhukov, Lyaziza Sabyrova, Roman Mogilevskii The ability of the economies of the Caucasus and Central Asia to effectively respond to external shocks critically depends on their cooperation in diversifying trade and transport routes. The right policies and development of the Middle Corridor is a key to success. In the last several years, the countries of the … [Read more...]
IMF Regional Capacity Development Center for Caucasus, Central Asia, and Mongolia opened in Kazakhstan
On 9 June 2023, the International Monetary Fund (IMF) Regional Capacity Development Center for the Caucasus, Central Asia and Mongolia opened in Almaty, the National Bank of Kazakhstan reports. The Caucasus, Central Asia, and Mongolia Regional Capacity Development Center (CCAMTAC) is a joint project of the IMF and nine member countries - Armenia, Azerbaijan, Georgia, … [Read more...]