Other publications – Eurasian Development Bank

Central Asia should be looked at from a fresh perspective

A new article by EDB and EFSD Chief Economist and EDB Head of projects Anton Malakhov was published in The Diplomat.

Evgeny Vinokurov and Alexander Libman have authored a chapter in a recently published Handbook on Global Governance and Regionalism

The freezing of Russia’s international reserve assets, the world’s seventh largest, despite not being the first case of its kind, will have systemic impact on the way countries around the world treat their reserves. Financial sanctions have undermined confidence in traditional reserve currencies. A systemic and complete revision of the conceptual approaches to managing international reserve assets is due. The current framework of the international financial system does not offer any off-the-shelf solutions to enable safeguarding the integrity of reserves and maintaining macroeconomic stability. The paper proposes potential new approaches to the safety of reserve assets. It could be implemented through the diversification of instruments and operators. The paper examines several possible solutions that might complement/replace reserves in traditional reserve currencies, ranging from compromise solutions to unconventional ones: (1) expanding the use of existing tools which carry less risk, (2) introducing new instruments, and (3) changing the paradigm. The authors conclude that the resulting system will be more volatile, decentralized, complicated and expensive to manage. However, this is the price many countries would be willing to pay for the security of their reserves

This research paper aims to scrutinise a wide range of solutions that can theoretically replace/supplement reserves in traditional reserve currencies

This paper aims to identify potential containerized and non-containerized freight traffic with a goods nomenclature and to quantify synergies arising from interlinking the International North–South Transport Corridor (INSTC) and the Eurasian east–west transport corridors

The “Belt and Road” Initiative received political and financial support from China before 2010 and won the support of Russia, Kazakhstan and Belarus after 2010. Judging from the astonishing growth of trans-Eurasian railway transportation, the “Belt and Road” Initiative has undoubtedly rendered remarkable results. This paper examines the potential national interests involved in and the obstacles faced by trans-Eurasian railway transportation, and provides recommendations to promote the further growth of trans-Eurasian railway transportation. The paper believes that the “Belt and Road” Initiative (including trans-Eurasian railway transportation) has been successful in northern Eurasian as it serves the economic and political interests of Russia, Kazakhstan and Belarus. In order to fully unleash the economic potential of the Eurasian continent, further efforts are needed to advance the “Belt and Road” Initiative in northern Eurasian

The expert shared his views on why Russia and Middle East need International North-South Transport Corridor, and how its development can help countries seize post-crisis opportunities and foster economic recovery

The Refinitiv StarMine Awards for economic data and foreign exchange rates recognizes the firms and forecasters who provided the most accurate predictions of economic indicators and FX rates in Reuters Polls during the calendar year

The economic growth of Central Asia, its journey over the last 30 years, and the scale of its recent economic change are impressive. Following a major transformation, Central Asia became a large, important, and rapidly growing region. The world still needs to grasp that transformation.

Once every couple of years, a new big theme overflows the world – one that surfaces a new megatrend and entirely transforms the global agenda. It happened with digital technologies in 2019, and then with the soaring popularity of ESG in 2021. New trends affect most market players. Responses are generated at all managerial decision-making levels, as active engagement becomes not merely a development driver, but the key to survival in a competitive market. The economy and the society are changing – and fast!

The expert shared his views on the megatrends magnified by the Covid-19 crisis, the transition to a green economy, and a rising divide between advanced and developing economies with the focus on digitalization and access to education. He commented on the root causes of the rapid surge in asset prices and explained why the inflationary impact will take longer to neutralise than initially anticipated. Evgeny Vinokurov specifically focused on the potential debt crises on a country levels and commented which countries are at risk, why, and what can be done