You are looking at 1 - 1 of 1 items for :

  • Fiscal policy x
  • Environment Sciences x
  • Agricultural and Natural Resource Economics; Environmental and Ecological Economics: General x
  • International Agreements and Observance; International Organizations x
  • Public Economics x
  • Azerbaijan, Republic of x
  • Real sector x
  • Public Finance x
  • Agricultural and Natural Resource Economics?Environmental and Ecological Economics x
  • Economic sectors x
  • Armenia, Republic of x
  • Economic theory and methods x
  • Society and Social Sciences x
  • Taxation, Subsidies, and Revenue: General x
Clear All
International Monetary Fund. Middle East and Central Asia Dept.
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.