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on Central and Western Asia |
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Issue of 2022‒08‒29
five papers chosen by |
| By: | Gondauri, Davit |
| Abstract: | Georgia's railway network is a key segment of the TRACECA, the shortest route from the Caspian Sea and Central Asia to the Black Sea and the Mediterranean Basin. Georgian Railway Corridor has a number of advantages over pipeline, alternative railways and auto transport. Changing the quality of crude oil does not occur during rail transportation, no pipelines for oil products. The Russian rail routes have a competitive disadvantage compared to Georgia as Novorossiysk Port is typically frozen in winter and operations are frequently delayed. The Russian and Iranian routes are significantly longer than the Georgian route, which increases costs, risks, and transportation time. The railway route running through Iran is less attractive than the Georgian route due to the tense political relations between Iran and the West. Railway transportation is considered safer and more environmentally friendly than road transportation. Expensive bulk transportation - in cases of bulk transportation, the railway is considered cheaper than the road. |
| Keywords: | Georgian railway,BRI,TRACECA,EVA,CAGR,GDP |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:opodis:20224&r= |
| By: | ITF |
| Abstract: | This report provides scenarios for future transport demand and CO2 emissions in North and Central Asia up to 2050 to help decision makers chart pathways to sustainable, resilient transport. The scenarios reflect existing policy initiatives and specific constraints in the region. They also examine the potential impact of policies addressing the challenges and opportunities for transport from Covid-19. |
| Date: | 2022–06–29 |
| URL: | http://d.repec.org/n?u=RePEc:oec:itfaac:105-en&r= |
| By: | ITF |
| Abstract: | This report provides scenarios for future transport demand and CO2 emissions in South and Southwest Asia up to 2050 to help decision-makers chart pathways to sustainable, resilient transport. The scenarios reflect existing policy initiatives and specific constraints in the region. They also examine the potential impact of policies addressing the challenges and opportunities for transport from Covid-19. |
| Date: | 2022–06–08 |
| URL: | http://d.repec.org/n?u=RePEc:oec:itfaac:104-en&r= |
| By: | International Monetary Fund |
| Abstract: | This virtual technical assistance (TA) mission supported the Agency in strengthening certain elements of its risk-based supervisory framework. The mission provided recommendations and training to the Agency on the assessment of banks’ recovery plans and interest rate risk in the banking book (IRRBB). The mission benefited from simultaneous translation. The priorities for the forthcoming TA missions were discussed with the Agency (strengthening cybersecurity in financial institutions, and assessment of banks’ liquidity within the SREP framework). |
| Date: | 2022–07–05 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:2022/212&r= |
| By: | Mr. Tigran Poghosyan |
| Abstract: | This paper presents stylized facts on financial development in the CCA countries relative to their EM and LIC peers and assesses how financial development can boost growth in the CCA. Drawing on IMF’s multidimensional index of financial development, we find that CCA countries have made progress following the independence in early 1990s. However, the progress was uneven across the CCA, resulting in a divergence of financial development over time and mixed performance relative to EM and LIC peers. Financial institutions have progressed the most, while financial markets remain underdevelped in most CCA countries except Kazakhstan. In terms of sub-indicators of financial development, financial access has expanded markedly, while the depth of financial intermediation has remained largely shallow and efficiency of financial intermediation has fluctuated over time. Standard growth regressions suggest that CCA countries with relatively lower level of financial development have scope to boost annual growth rates between 0.5-2.5 percent by reaching the level of financial development of frontier CCA countries. |
| Keywords: | Caucasus and Central Asia; financial development; output growth |
| Date: | 2022–07–08 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:2022/134&r= |