Regional Integration in Central Asia and South Caucasus
According to Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), regional integration in Central Asia and South Caucasus needs to be accelerated to attract investors.
The region has, over the last few years, shown strong performance despite the challenges, successive shocks that the region has to deal with, starting from the COVID-19 shock back in 2020-2021, and then that was followed by the war between Russia and Ukraine, which was a major geopolitical development and the volatility we saw in the oil markets, especially for the oil exporting countries in the Caucasus and Central Asia.
Azour noted that the region's strong performance is driven by several factors, including increased remittances, capital flows, and people moving to work from Central Asia and Caucasus countries.
- Strong economic growth despite challenges
- Increased remittances and capital flows
- Mobility of workers from Central Asia and Caucasus countries
Author's summary: Regional integration is crucial for Central Asia and South Caucasus.
More News
- Hazlewood shines as Australia crush India by four wickets - OrissaPOST
- Fortnite Simpsons Season Early Patch Notes: New Map, Weapons, and More
- 'Hotel Transylvania' spinoff 'Motel Transylvania' delayed, now set for 2027 release on Netflix | The Express Tribune
- Florence + The Machine - Everybody Scream Review
- Cineworld announces luxury upgrade at Silverburn with new recliner seats
- Defiant Roar hold City 0-0 in spicy Suncorp stalemate
- Ayuba Sylvester James: “For MCP to Rise, Chakwera Must Fall” - Malawi Nyasa Times - News from Malawi about Malawi
- MEG takeover vote postponed again over questions about Cenovus-Strathcona side deal
- Funny Scenes! Tim David & Varun Chakravarthy Share Hilarious Standoff Moment During IND Vs AUS 2nd T20 Match; Video
- Why is the Google Doodle Pac-Man themed? | LBC