Reports and Working Papers – Eurasian Development Bank

Amid the COVID-19 pandemic policymakers now face the dilemma of whether to stimulate infrastructure development by raising debt, which may reduce future flexibility, or to strengthen their fiscal positions. In order to shed light on this issue, the present study analysed an optimal debt level, taking into account countries’ institutional characteristics. 30 November 2020

The implementation of any State’s economic policy involves first developing short-term, mid-term and long-term forecasts, as well as socio-economic development programs. Their quality is largely dependent on credible assessments of the current economic setting, whose findings will then inform the forecasts. Proper identification of the business cycle, monetary, and fiscal situation as well as those factors affecting economic processes is instrumental to the attainment of the monetary and fiscal policy objectives 24 September 2020

The COVID-19 outbreak has revealed the sensitivity of economies and their debt positions to a wide range of disruptions: not only financial shocks may hamper economic growth, but health, political and environmental emergencies may also bring economic suffering. 29 August 2020

This working paper takes into account six sources of financing - international reserves, swap arrangements, EFSD, IMF, multilateral development banks and bilateral financial support for macrostabilization. The analysis is of particular importance in the context of the current crisis associated with the COVID-19 pandemic. The funds disbursed from all the sources in 2009–2019 totalled at least $16 bln. 29 June 2020