Growth remains broadly stable in the Caucasus and Central Asia (CCA). But it is still well below the long-term potential for the region — and too low if the region is to raise living standards to the level of other emerging economies in Europe and Asia. Also, growth is not inclusive enough. The challenge is to leverage good domestic policies, increased economic diversification, and stronger international cooperation to generate higher and more inclusive growth that lifts up the prospects of all CCA citizens. This task is complicated by global uncertainties, weaknesses in the banking sectors, and elevated public debt.
This forum will present the IMF’s findings of recent papers on the economic outlook for the CCA, and on promoting inclusive growth in the region.
Juha Kähkönen, Deputy Director, Middle East and Central Asia Department, IMF
Mercedes Vera Martin, Deputy Division Chief, Middle East and Central Asia Department, IMF
Moderator: Frederick S. Starr, Chairman, Central Asia-Caucasus Institute
Middle East Institute
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