Trade via rail in Central Asia has proven highly effective in recent years. It needs further support to take it to the next level.
Despite the global economic turmoil, remittances remained remarkable resilient during the pandemic. Reforms are needed to keep this financial lifeline strong in the years ahead.
Central Asia has the opportunity to create a sustainable, safe, easily accessible, and well-known tourism destination that provides a variety of year-round, quality experiences.
Central Asia’s long-term economic prosperity depends upon participation in global value chains and upgrading to higher value-added activities.
By working together with countries to make sound socioeconomic development strategies, multilateral financial institutions can contribute substantially to the fight against the pandemic.
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.
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.
The historic spirit of cross-border trade in Central Asia is being revived in the energy sector.
A forward-looking, regional approach is needed for countries in Central Asia to respond to the pandemic and prepare for future public health threats.
Bold action is required by policymakers and central bankers to keep the region’s economies afloat and contain the pandemic.