Other publications – Eurasian Development Bank

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

EDB and EFSD Chief Economist Evgeny Vinokurov at the Fifth CAREC Think Tank Development Forum “Economic Corridors: Pathways to Regional Growth”: expert’s keynote speech on building Eurasia’s intra- and transcontinental connectivity

EDB and EFSD Chief Economist Evgeny Vinokurov explains why the gas prices are so high and what that means for exporters of hydrocarbons as well as for the European economies

On 22 June 2021, the CAREC Institute in partnership with the Asian Development Bank (ADB) held a webinar on the prospects of integration and cooperation processes on the Euro-Asian continent and the implications for CAREC. EDB and EFSD Chief Economist Evgeny Vinokurov was among the speakers

A new book by Evgeny Vinokurov, EDB and EFSD Chief Economist, and Alexander Libman, Professor of Russian and East European Politics at the Freie Universität Berlin, has recently been published. It sheds new light on Eurasian connectivity and regionalism before and after the pandemic

In the global financial architecture, the functions of anti-crisis support and macroeconomic stabilization are performed by the institutions of the global financial safety net (GFSN). The volume of available financing within the framework of GFNS has grown 10 times over the past decade and reached the equivalent of 4% of world GDP. The literature’s standard understanding of a system of national reserves, swap agreements, regional financial mechanisms, and the IMF requires enlargement. The article proposes the concept of an enlarged global financial safety net, namely by including two new elements — multilateral development banks and bilateral financial support. The manifestations of this phenomenon in many regions of the world are shown in the activities of the largest international development banks and at the level of macroeconomic stabilization financing by individual donor countries, including during the current COVID crisis.

Rating of TOP–10 risks for Eurasia in 2021 is an analytical project aimed at evaluating major threats for Eurasian macroregion

The research paper aims to provide analysis of the current state of the Global Financial Safety Net (GFSN) in the global financial architecture. The authors introduce and substantiate the concept of an enlarged Global Financial Safety Net

A Expert Opinion for the Valdai Club by Evgeny Vinokurov, EFSD Chief Economist

The implications of the Kyrgyz Republic’s unusual geography are at least threefold. First, the country faces an infrastructure deficit, and it will need to allocate a relatively high proportion of its budget to infrastructure. Second, the transit arrangements with its neighbors will always be critically important. Third, air transport is a vital connection, and the Kyrgyz Republic has sensibly adopted an open skies civil aviation policy with effective gateways to the major cities of Bishkek and Osh. The possibility of direct flights to Europe continues to be restricted because the Kyrgyz Republic’s airlines do not meet European safety standards