04910oam 22012734 450 991069384020332120250426110725.09781475588279147558827597814755153431475515340(CKB)2660000000033762(BIP)051826229(IMF)TCCTEMEE(IMF)TCCTEMEATCCTEMEA(EXLCZ)99266000000003376220020129d2014 uf 0engtxtrdacontentcrdamediacrrdacarrierThe Caucasus and Central Asia : Transitioning to Emerging MarketsWashington, D.C. :International Monetary Fund,2014.1 online resource (87 p.) Departmental Papers9781484305140 1484305140 9781475588033 1475588038 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. 2014/003Caucasus and Central AsiaPublic PolicyimfInternational EconomicsimfPublic FinanceimfIndustries: Financial ServicesimfInfrastructureimfFinance: GeneralimfPolitical EconomyimfInternational Agreements and ObservanceimfInternational OrganizationsimfFinancial Institutions and Services: GeneralimfFiscal PolicyimfInvestmentimfCapitalimfIntangible CapitalimfCapacityimfGeneral Financial Markets: General (includes Measurement and Data)imfTaxation, Subsidies, and Revenue: GeneralimfPolitical economyimfInternational institutionsimfMacroeconomicsimfFinanceimfPublic finance & taxationimfInternational organizationimfFinancial sectorimfEconomic sectorsimfFiscal policyimfNational accountsimfEmerging and frontier financial marketsimfFinancial marketsimfRevenue administrationimfEconomicsimfInternational agenciesimfFinancial services industryimfSaving and investmentimfRevenueimfKazakhstan, Republic ofimfPublic PolicyInternational EconomicsPublic FinanceIndustries: Financial ServicesInfrastructureFinance: GeneralPolitical EconomyInternational Agreements and ObservanceInternational OrganizationsFinancial Institutions and Services: GeneralFiscal PolicyInvestmentCapitalIntangible CapitalCapacityGeneral Financial Markets: General (includes Measurement and Data)Taxation, Subsidies, and Revenue: GeneralPolitical economyInternational institutionsMacroeconomicsFinancePublic finance & taxationInternational organizationFinancial sectorEconomic sectorsFiscal policyNational accountsEmerging and frontier financial marketsFinancial marketsRevenue administrationEconomicsInternational agenciesFinancial services industrySaving and investmentRevenueDcWaIMFBOOK9910693840203321The Caucasus and Central Asia3654657UNINA