ONLINE PRESENTATION of the IMF annual report “Prospects for the development of the regional economy in the countries of the Caucasus and Central Asia”

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Language English and Russian
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Event information

The AEB is pleased to invite you to join an Online presentation of the Spring 2020 IMF Regional Economic Outlook (REO) for the Caucasus and Central Asia (CCA) by Jihad Azour, Director, Middle East and Central Asia Department, INTERNATIONAL MONETARY FUND.

The presentation will take place on Tuesday, April 28, 2020 at 14:30 (Moscow time) on IMF.ORG (English and Russian channels). No prior registration is needed.

The presentation will be followed by a discussion with:

- Koba Gvenetadze, Governor, National Bank of Georgia

- Kairat Kelimbetov, Governor, Astana International Financial Center

The Caucasus and Central Asia (CCA) region is being strongly affected by COVID-19 and the sharp decline of global oil prices. The priority has been to respond to challenges of the pandemic, including through higher health sector expenditures, travel and transport restrictions, physical-distancing measures, and where possible, fiscal support to vulnerable groups, the unemployed, and small and medium enterprises. The growth outlook for 2020 has turned from positive to near-zero or negative across the region. There are significant uncertainties about the duration, depth, and spillovers from the two shocks, with concerns about job losses, fiscal and foreign exchange buffers, debt, financial institutions, and loss of progress in reforms to business environments, regional integration, and diversification. The IMF is working with other international and regional financial institutions to provide rapid support. 

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