02967oam 22006734 450 991015492430332120250426110543.09781498389242149838924497814983867151498386717(CKB)2660000000033923(BIP)051826978(IMF)TCCTEMRATCCTEMRA(EXLCZ)99266000000003392320020129d2014 uf 0rustxtrdacontentcrdamediacrrdacarrierThe Caucasus and Central Asia: Transitioning to Emerging MarketsWashington, D.C. :International Monetary Fund,2014.1 online resource (99 p.) Departmental Papers9781498349581 1498349587 9781498379717 1498379710 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.Departmental Papers; Departmental Paper ;No. 2014/003Кавказ и Центральная Азия Caucasus and Central AsiaPublic PolicyimfInternational EconomicsimfPolitical EconomyimfInternational Agreements and ObservanceimfInternational OrganizationsimfPolitical economyimfInternational institutionsimfInternational organizationimfEconomicsimfInternational agenciesimfKazakhstan, Republic ofimfPublic PolicyInternational EconomicsPolitical EconomyInternational Agreements and ObservanceInternational OrganizationsPolitical economyInternational institutionsInternational organizationEconomicsInternational agenciesDcWaIMFBOOK9910154924303321The Caucasus and Central Asia3654657UNINA