IMF: Curbing Corruption Can Play Critical Role in Recovery for Central Asia and Caucuses
The International Monetary fund has issued its regular economic outlook. According to the new report, a subdued and uneven recovery is projected for the countries of Central Asia and Caucuses in the next year. According to the new economic outlook, Kazakhstan's GDP will grow 3.3% in 2021. That is a tenth percentage point upgrade since April. The IMF has also revised its inflation rate forecast for this year from the previous 6.4% to 7.5%. The IMF’s Head of the Middle East and Central Asia Department, Jihad Azour joined Lyazzat Shatayeva in this episode of IMPACTFUL to discuss the new economic forecast.