Promoting Inclusive Growth in the Caucasus and Central Asia International Monetary Fund. Middle East and Central Asia Department (Series) ;, no. 19/09./ prepared by an IMF staff team led by Mercedes Vera-Martin [and others].

Abstract

CCA countries achieved gains in inclusiveness over the past 20 years as incomes increased and poverty, inequality, and unemployment declined. Most of the progress occurred before the 2008-09 global financial crisis. Since then, poverty rates have barely moved and, for oil importers, remain elevated.