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05 September 2022

EFSD experts took part in the T-20 (the G20 expert group) Summit and contributed research on international financial architecture
Within the task force "International Finance and Economic Recovery", EFSD experts presented their proposals aimed at strengthening coordination of various institutions as concerns provision of sovereign financing

EFSD experts took part in the T-20 (the G20 expert group) Summit and contributed research on international financial architecture

18 April 2022

Regional Responses to the Covid-19 Crisis: A Comparative Study from Economic, Policy, and Institutional Perspectives
This study compares responses to the Covid-19 crisis across six regions covered by Regional Financing Arrangements (RFAs), outlining the pandemic’s economic impact, policy measures implemented by authorities to limit its economic damage, and the institutional actions by the RFAs to support members through the initial stages of the crisis. It is the result of a joint effort by RFA staff and underscores the institutions’ continuous efforts to cooperate closely through the sharing of crisis experiences.

Regional Responses to the Covid-19 Crisis: A Comparative Study from Economic, Policy, and Institutional Perspectives

24 February 2022

Vinokurov, E. (2021) The Northern Eurasian Perspective of the ‘Belt and Road’ Initiative: Benefits, Perceptions and Obstacles of Trans-Eurasian Railway Transportation
The “Belt and Road” Initiative received political and financial support from China before 2010 and won the support of Russia, Kazakhstan and Belarus after 2010. Judging from the astonishing growth of trans-Eurasian railway transportation, the “Belt and Road” Initiative has undoubtedly rendered remarkable results. This paper examines the potential national interests involved in and the obstacles faced by trans-Eurasian railway transportation, and provides recommendations to promote the further growth of trans-Eurasian railway transportation. The paper believes that the “Belt and Road” Initiative (including trans-Eurasian railway transportation) has been successful in northern Eurasian as it serves the economic and political interests of Russia, Kazakhstan and Belarus. In order to fully unleash the economic potential of the Eurasian continent, further efforts are needed to advance the “Belt and Road” Initiative in northern Eurasian

Vinokurov, E. (2021) The Northern Eurasian Perspective of the ‘Belt and Road’ Initiative: Benefits, Perceptions and Obstacles of Trans-Eurasian Railway Transportation

24 June 2021

EDB and EFSD Chief Economist Evgeny Vinokurov at the webinar on Prospects for Economic Integration on the Euro-Asian Continent and its Implications for CAREC held by the CAREC Institute in partnership with the Asian Development Bank (ADB)
On 22 June 2021, the CAREC Institute in partnership with the Asian Development Bank (ADB) held a webinar on the prospects of integration and cooperation processes on the Euro-Asian continent and the implications for CAREC. EDB and EFSD Chief Economist Evgeny Vinokurov was among the speakers

EDB and EFSD Chief Economist Evgeny Vinokurov at the webinar on Prospects for Economic Integration on the Euro-Asian Continent and its Implications for CAREC held by the CAREC Institute in partnership with the Asian Development Bank (ADB)

11 June 2021

Libman A., Vinokurov E. (2021) One Eurasia or Many? Regional Interconnections and Connectivity Projects on the Eurasian Continent
A new book by Evgeny Vinokurov, EDB and EFSD Chief Economist, and Alexander Libman, Professor of Russian and East European Politics at the Freie Universität Berlin, has recently been published. It sheds new light on Eurasian connectivity and regionalism before and after the pandemic

Libman A., Vinokurov E. (2021) One Eurasia or Many? Regional Interconnections and Connectivity Projects on the Eurasian Continent

31 March 2020

COVID-2019 and the Future of the Belt and Road Initiative

The Belt and Road Initiative (BRI), a very large-scale Chinese initiative supported by more than 130 countries around the globe, is by its very nature a cross-border phenomenon. Thus, it is vulnerable to the coronavirus-induced economic crisis. In this article, EFSD Chief Economist analyzes various negative effects of COVID-19 on the BRI for cross-border movement of goods and people, debt and fiscal sustainability of recipient countries, risks of diminishing availability of financial resources, risks for the emerging multilateralization of the BRI, etc. Based on that, he formulates a number of policy recommendations. The article ends up with a plea to look beyond the immediate effects and limitations faced in the heat of the battle against the coronavirus-induced crisis. The BRI community should perceive and treat the BRI as a truly long-term policy.

COVID-2019 and the Future of the Belt and Road Initiative

30 March 2020

Trans-Eurasian Container Traffic: a Belt and Road Success Story
Countries in Northern and Central Eurasia, including its largest economies, Russia and Kazakhstan, were among early believers in the value of the Belt and Road Initiative. Over the last years, they increasingly embraced various aspects of the BRI, most importantly additional investment and rising volumes of trans-Eurasian traffic. The latter, apart from being a lucrative business on its own, should eventually lead to better internal connectivity between inner-Eurasian regions. In this article EFSD Chief Economist provides data and estimates for the spectacular growth of the volumes of trans-Eurasian container transit. He explains the underlying reasons provides several suggestions on the issue of financing, the role of China, and the role of international financial institutions.  

Trans-Eurasian Container Traffic: a Belt and Road Success Story

23 July 2019

Emerson Michael, Hu Biliang, Nag Rajat M., Starr Frederick S., Vinokurov Evgeny. The Belt and Road Initiative in Central Asia and South Caucasus: the Perspectives of China, Russia, the European Union, India, and the United States of America

Most countries in the Central Asia and South Caucasus region have a multi-vector approach to their external relations and hence would expect to rely on multiple partners to help advance their national economic and political agendas. Moreover, it is clear that, for the best possible impact of the BRI, cooperation not only among the countries of the region and with China, but also with other partners—bilateral and multilateral—will be needed. It is thus important for the CASC countries to understand the motivations and concerns of the outside powers that may have a role in making the BRI a success (or a failure, as the case may be). This publications compiles the five background notes prepared by experts from these outside powers

Emerson Michael, Hu Biliang, Nag Rajat M., Starr Frederick S., Vinokurov Evgeny. The Belt and Road Initiative in Central Asia and South Caucasus: the Perspectives of China, Russia, the European Union, India, and the United States of America

04 February 2019

Vinokurov, E. (2019) The Belt and Road Initiative in Northern Eurasia: Current, State, Barriers to Development, Interests, and Policies

Vinokurov, E. (2019) The Belt and Road Initiative in Northern Eurasia: Current, State, Barriers to Development, Interests, and Policies

04 February 2019

Vinokurov, E. (2019) The Belt and Road Initiative. A Background Paper for the Emerging Market Forum 2019

Vinokurov, E. (2019) The Belt and Road Initiative. A Background Paper for the Emerging Market Forum 2019

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2021