Baku, Azerbaijan, Aug. 29
Trend:
CIS countries have made tangible progress implementing reforms over recent years, bolstering government effectiveness to varying degrees, according to the new report of the Moody's Investors Service international rating agency, Trend reports referring to the agency.
External and domestic economic challenges as well as political events across the CIS over 2014-16 catalyzed a slew of policy initiatives to address the vulnerabilities that those developments exposed, accelerating institutional transformation and leading to strengthened government effectiveness.
"While we expect reforms to continue in some countries, the momentum for policy action is fading in others as economic and external challenges have ebbed," says Evan Wohlmann, a Vice President -- Senior Credit Officer in Moody's Sovereign Risk Group.
Moody's report assesses the credit impact of implemented and planned reforms, and prospects for further progress in the region.