(MENAFN- Trend News Agency) U.S., WASHINGTON, April 18. Clearly Caucasusand Central Asian countries have been able to weather the shocks inthe last few years and preserve healthy levels of growth, saidJihad Azour, Director, Middle East and Central Asia Department,IMF, answering Trend 's question during a briefing held as part of theIMF Spring Meetings in Washington.
"CCA countries have been actively adjusting to the varioustransformations that the global economy is facing, includinggeoeconomic fragmentation and changes in trade routes. They wereresponding to that individually as countries and alsocollectively," he said.
Azour noted that after the war in Ukraine countries in theCaucasus and Central Asian have also been providing support inorder to mitigate the lack of access to energy.
"We don't foresee any problem on the supply side. Of course,when you have those security or geopolitical events, we are seeingcertain level of volatility in the markets, some tension in certaincases, but broadly speaking, the market has proven to be able toadjust and provide supply to cover for the shortages that exist,"he added.
The Spring Meetings of the International Monetary Fund and theWorld Bank Group kicked off on April 15.
The main ministerial meetings and events will take place April17-19 with other events and activities taking place during theweek, April 15-20.
At the heart of the gathering are meetings of the jointDevelopment Committee and the IMF's International Monetary andFinancial Committee, which discuss progress on the work of theWorld Bank Group and the IMF.
The Spring Meetings bring together central bankers, ministers offinance and development, parliamentarians, private sectorexecutives, representatives from civil society organizations andacademics to discuss issues of global concern, including the worldeconomic outlook, poverty eradication, economic development, andaid effectiveness.
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