02004cas a2200277 a 4500 AALejournalIMF018497 230101c9999 xx r poo 0 0eng d 20.00 USD 9781484358177 2616-5333 BD-DhAAL BD-DhAAL Kunzel, Peter. Opening Up in the Caucasus and Central Asia : Policy Frameworks to Support Regional and Global Integration / Peter Kunzel, Phil De Imus, Edward Gemayel, Risto Herrala. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (59 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Caucasus and Central Asia (CCA) countries are at an important juncture in their economic transition. Following significant economic progress during the 2000s, recent external shocks have revealed the underlying vulnerabilities of the current growth model. Lower commodity prices, weaker remittances, and slower growth in key trading partners reduced CCA growth, weakened external and fiscal balances, and raised public debt. the financial sector was also hit hard by large foreign exchange losses. while commodity prices have recovered somewhat since late 2014, to boost its economic potential, the region needs to find new growth drivers, diversify away from natural resources, remittances, and public spending, and generate much stronger private sector-led activity. Mode of access: Internet De Imus, Phil. Gemayel, Edward. Herrala, Risto. Departmental Papers; Departmental Paper ; No. 2018/007 Full text available on IMF http://elibrary.imf.org/view/journals/087/2018/007/087.2018.issue-007-en.xml IMF e-Library