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.
The ability of the economies of the Caucasus and Central Asia to effectively respond to external shocks critically depends on their cooperation in diversifying trade and transport routes. The right policies and development of the Middle Corridor is a key to success.
As countries in Central Asia and the Caucasus navigate post-pandemic recovery and geopolitical challenges, managing increasing public debt becomes crucial for sustainable growth.
These charts illustrate how developing economies in Asia and the Pacific face significant growth challenges due to their exposure to declining demand from major markets in Europe, the United States, and the People’s Republic of China.
Kazakhstan's banking sector has seen extensive state support, leading to increased fiscal costs and a growing dependency on public funds, with key performance metrics showing a decline. To address these challenges, rules governing state support to commercial banks need to be clarified and banking regulations tightened.
A free trade agreement could bring the economic and social development benefits of global value chains to Central Asia.
Central Asian countries are facing major food security challenges, but can meet them by working together on shared solutions.
Micro, Small and Medium-Sized Enterprises in Kazakhstan need increased financing coupled with targeted, innovative solutions to continue driving the economy and creating jobs.
Trade via rail in Central Asia has proven highly effective in recent years. It needs further support to take it to the next level.
Kazakhstan is becoming a leader among developing countries in the use of local currency finance.