The impact of COVID-19 on the economies of Central Asia
The OECD recently underlined the strong negative impact of the COVID-19 on the economies of Central Asia.
Although COVID-19 arrived relatively late in the region, the number of cases has increased drastically since then. Facing the pandemic is a challenge in countries where budgets are limited, health systems underfunded and many people do not have access to basic care.
The OECD also highlighted that economies of countries in Central Asia are highly dependent of labour migration. Because borders are closed and the demand for migrants’ labour has decreased, the COVID-19 will strongly impact the economies of Central Asian countries (lower migrant remittances).
Migrants may also have to continue working in countries with high rates of infection, without access to appropriate health care, which may increase cases of COVID-19 in Central Asian countries.
The article presents how the different governements of Central Asia responded to the crisis so far and the policy options available to face the pandemic. It then details the specifics for each country.
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