Departmental Papers / Policy Papers: Middle East and Central Asia Departmental Paper 14/02
Summary
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
Notes
At head of title: Middle East and Central Asia Department
Bibliography
Includes bibliographical references
Notes
Online resource; title from digital title page (IMF.org Web site, viewed Apr. 14, 2014)
