CAUCASUS / ECONOMIC OUTLOOK
Countries in the Caucasus and Central Asia continue to post a solid recovery from the global financial crisis, and the region's economic outlook remains favorable, the IMF says in its latest assessment. IMF
Countries in the Caucasus and Central Asia continue to post a solid recovery from the global financial crisis, and the region's economic outlook remains favorable, the IMF says in its latest assessment. IMF
Growth inAsiaduring the first half of this year has slowed to its lowest rate since the start of the global financial crisis, and only a modest and gradual pick up is expected next year, the IMF said. And, the International Monetary Fund offered a mixed outlook for theMiddle Eastregion. IMF
A new IMF report says the economic upturn in the Caucasus and Central Asia (CCA) is gathering momentum, with growth for the region projected to increase to 5¾ percent in 2010 from 3½ percent in 2009. IMF/ FILE
With the Central Asia Nuclear-Weapon-Free Zone Treaty coming into force on 21st March, the region became the first in the Northern Hemisphere to be free of such weapons. Ambassadors from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan agree that it will be “an essential element to strengthening regional security.” UNTV