Description

Limited economic diversification has made the economies of the Caucasus and Central Asia particularly vulnerable to external shocks. The economies in the region are heavily reliant on oil and mining exports as well as remittances. In some countries, tourism and capital flows also play a prominent role in aggregate economic activity.

More publications in this series: Departmental Papers / Policy Papers

More publications by: Padamja Khandelwal ; Ezequiel Cabezon ; Sanan Mirzayev ; Rayah Al-Farah