The historic spirit of cross-border trade in Central Asia is being revived in the energy sector.
A major priority for the North-South Road Corridor has been to ensure it is built for the long-term development needs of the country.
A forward-looking, regional approach is needed for countries in Central Asia to respond to the pandemic and prepare for future public health threats.
Governments in Central and West Asia must commit to reforms and get them right, or face a downward spiral. The costs of the crisis are already obvious in rising deficits and debt. There is no room for complacency.
Asia’s industries, primarily manufacturing, fueled phenomenal economic growth and poverty reduction in recent decades. But today many countries are looking to the service sector as an alternative.
No country can fight climate change alone. The countries of the Central Asia Regional Economic Cooperation (CAREC) program should take coordinated action to combat the increasing impacts of climate change and find sustainable solutions.
State-owned enterprises, including power utilities, in many countries have collected a menagerie of assets unrelated to their core business. And they are selling cheap.
The region’s aging population poses challenges and opportunities. As the age dependency ratio rises, it's vital to address healthcare, pensions, and food security. Investments in capital, technology, and human capital development are crucial for the 'silver workforce'
As countries in Central Asia and the Caucasus navigate post-pandemic recovery and geopolitical challenges, managing increasing public debt becomes crucial for sustainable growth.
With expanding regional cooperation and a readily available platform, the building blocks are in place for Central Asia to achieve energy security, resilience and economic competitiveness.