$300mn has been given and another $70mn may be on the way.
“It was the pandemic that hit the economy hard, not the lockdown itself.”
The painful choice faced by poorer emerging European countries as they are forced to balance the risk to life of a new coronavirus spike with the economic and human cost of a second lockdown.
Most of small nation’s extra debt is related to donor support at concessional terms, says report, while fiscal and monetary policies are adequate. Continued high dependence on imports a drag on economic progress.
“It’s a tinderbox” says analyst who determined projections of civil unrest and ability of countries to bounce back from pandemic.
Hemp uses less water than cotton, a fact that should excite farmers in the rapidly desiccating region.
Timing is everything as politicians seek to take advantage of poll boosts from steering their countries through the pandemic and launching stimulus packages, before populations really feel the impact of the crippling economic recessions.
The coronavirus (COVID-19) pandemic has played hell with the international event calendar everywhere this year. But not in Mongolia, which has decided to go ahead with Naadam, Mongolia’s biggest festival.
Turkmenistan faces a new set of political and economic problems as protests become widespread and the government is unwilling to address the situation.