South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study

Armenia is a small land-locked mountainous country with relatively difficult access to regional and global markets. The borders with Azerbaijan in the east and with Turkey in the southwest and west are closed. Only the borders with Georgia in the n...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	BELT AND ROAD INITIATIVE TRANSPORT INFRASTRUCTURE TRADE LOGISTICS PUBLIC INVESTMENT
Online Access:	http://documents.worldbank.org/curated/en/413701593499050132/South-Caucasus-and-Central-Asia-The-Belt-and-Road-Initiative-Armenia-Country-Case-Study http://hdl.handle.net/10986/34120

id	okr-10986-34120
recordtype	oai_dc
spelling	okr-10986-341202021-06-14T09:57:57Z South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study World Bank BELT AND ROAD INITIATIVE TRANSPORT INFRASTRUCTURE TRADE LOGISTICS PUBLIC INVESTMENT Armenia is a small land-locked mountainous country with relatively difficult access to regional and global markets. The borders with Azerbaijan in the east and with Turkey in the southwest and west are closed. Only the borders with Georgia in the north and Iran in the south are open for trade and transport. Roads dominate its mode of transportation because of its mostly mountainous terrain. The only cross-border rail connection is through Georgia. None of the BRI-corridors pass through the country and even the one that goes through Georgia is only accessible in the western direction. This note assesses the potential impact of BRI over connectivity and the Armenian economy. It looks at how, if fully implemented globally, the BRI is expected to achieve better transport connections and greater economic integration, discusses improvements in Armenia’s cross-border transport, electricity and ICT infrastructure to-date, and the potential impact of the completion of BRI transport projects on lowering Armenian shipment time. It further looks at the likely economic impact of BRI-related reductions in shipment time on exports, FDI and GDP, the within-country regional distribution of that impact and how complementary polices can enhance the positive impact, mitigate risks and reduce regional inequity. Finally, it also examines the fiscal risk of scaling-up investment in BRI projects in the coming years without undermining medium-term debt sustainability. 2020-07-15T21:00:02Z 2020-07-15T21:00:02Z 2020-06 Report http://documents.worldbank.org/curated/en/413701593499050132/South-Caucasus-and-Central-Asia-The-Belt-and-Road-Initiative-Armenia-Country-Case-Study http://hdl.handle.net/10986/34120 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Infrastructure Study Europe and Central Asia Armenia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	BELT AND ROAD INITIATIVE TRANSPORT INFRASTRUCTURE TRADE LOGISTICS PUBLIC INVESTMENT
spellingShingle	BELT AND ROAD INITIATIVE TRANSPORT INFRASTRUCTURE TRADE LOGISTICS PUBLIC INVESTMENT World Bank South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study
geographic_facet	Europe and Central Asia Armenia
description	Armenia is a small land-locked mountainous country with relatively difficult access to regional and global markets. The borders with Azerbaijan in the east and with Turkey in the southwest and west are closed. Only the borders with Georgia in the north and Iran in the south are open for trade and transport. Roads dominate its mode of transportation because of its mostly mountainous terrain. The only cross-border rail connection is through Georgia. None of the BRI-corridors pass through the country and even the one that goes through Georgia is only accessible in the western direction. This note assesses the potential impact of BRI over connectivity and the Armenian economy. It looks at how, if fully implemented globally, the BRI is expected to achieve better transport connections and greater economic integration, discusses improvements in Armenia’s cross-border transport, electricity and ICT infrastructure to-date, and the potential impact of the completion of BRI transport projects on lowering Armenian shipment time. It further looks at the likely economic impact of BRI-related reductions in shipment time on exports, FDI and GDP, the within-country regional distribution of that impact and how complementary polices can enhance the positive impact, mitigate risks and reduce regional inequity. Finally, it also examines the fiscal risk of scaling-up investment in BRI projects in the coming years without undermining medium-term debt sustainability.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study
title_short	South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study
title_full	South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study
title_fullStr	South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study
title_full_unstemmed	South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study
title_sort	south caucasus and central asia - the belt and road initiative : armenia country case study
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/413701593499050132/South-Caucasus-and-Central-Asia-The-Belt-and-Road-Initiative-Armenia-Country-Case-Study http://hdl.handle.net/10986/34120
_version_	1764480196073750528

South Caucasus and Central Asia - The Belt and Road Initiative : Armenia Country Case Study

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