Connect with us

Finance

Investing in People is Crucial to Economic Recovery in Central Asia

Published

on

Central Asian economies are on course to contract by 1.7 percent  this year, a sharp reversal from the 4.9 percent growth in 2019, says the latest edition of the World Bank Economic Update for the Europe and Central Asia region released today.

The impact of the coronavirus (COVID-19) pandemic varies across Central Asia. Kazakhstan and the Kyrgyz Republic will see an economic contraction of 2.5 percent and 5.5 percent, respectively this year. Tajikistan and Uzbekistan, on the other hand, will avoid a recession but growth is likely to be tepid at 1.6 percent (from 7.5 percent in 2019) in Tajikistan and 0.6 percent (from 5.6 percent in 2019) in Uzbekistan.

The pandemic-induced contraction in 2020 is also expected to increase poverty in all countries of Central Asia. At the $3.20 per day poverty line, estimates suggest that an additional 1.4 million people may slip into poverty. At the $5.50 per day poverty line, customarily used in upper-middle-income countries (such as Kazakhstan), the increase in poverty could be over 1.8 million people. and, in the worst-case scenario, over 2.6 million could become poor in the region.

In Central Asia, the World Bank projects growth to recover to 3.1 percent in 2021, supported by a modest rise in commodity prices and foreign direct investment as the region deepens its integration with China’s Belt and Road Initiative. However, the outlook remains highly uncertain as the region continues to grapple with negative spillovers from the euro area, Russia, and China through trade, commodity, and remittance channels. As a result, the downside scenario for Central Asia projects a 1.5 percent growth in 2021.

The pace of recovery also depends on the duration of the pandemic, the availability and distribution of a vaccine, global demand for commodities and the degree of improvement in global trade and investment.

In Kazakhstan, growth could recover to 2-3 percent in 2021and return to its pre-pandemic level by 2022. However, the economy remains vulnerable to the course of the pandemic that could affect businesses and restrain employment.

The Kyrgyz Republic is among the countries hard-hit by the pandemic. Growth is likely to rebound to 4.8 percent in 2021, assuming the pandemic is brought under control and external demand improves. Over the medium term, economic performance will continue to be vulnerable to developments in Russia and Kazakhstan – the country’s major trading partners.

Tajikistan is experiencing its slowest economic growth in two decades. Across sectors, hospitality and tourism experienced the deepest hit from the pandemic. Growth could improve to 3.7 percent in 2021. Risks to the outlook primarily depend on the progress in finding a vaccine or a cure for COVID-19 and the restoration of remittances and external trade.

The COVID-19 crisis in Uzbekistan has almost entirely extinguished GDP growth in 2020. Despite the setbacks, the country’s outlook remains positive as reforms continue to shift the economy towards greater resource efficiency and private sector growth. Assuming limited further lockdowns, an easing of the pandemic, and a broader global economic recovery, growth is projected between 4.8-5 percent in 2021.

A special analysis in the Europe and Central Asia Economic Update focuses on human capital, an area that requires serious attention of the governments given the severe impact of the pandemic on health and education. The report finds that improving access to and quality of tertiary education and reducing adult health risk factors, such as obesity, smoking and heavy drinking, are key for a resilient recovery in the countries of Europe and Central Asia. While the region’s countries provide relatively good basic education and health services, as measured by the World Bank’s Human Capital Index, more needs to be done for individuals and countries to succeed in the future.

The report reconfirms that COVID-19 has deeply strained already-weak health care systems in the Central Asia states. It also shows that across Central Asia, more than 16 percent of the population is obese, nearly 12 percent of people are heavy episodic drinkers, and almost 18 percent are current smokers. Prevalence of these risks increases not only the likelihood of conditions such as cardiovascular disease, but also the mortality and morbidity consequences of infectious diseases like COVID-19.

The pandemic has also adversely affected education and learning in Central Asia, threatening economic losses of $44 billion. School closures may lead to learning losses equivalent to one-third to one full year of schooling, and they are likely to exacerbate inequalities, by disproportionately affecting students from disadvantaged backgrounds. In Central Asia, the gap in reading between students from the richest and the poorest households is expected to increase by between 8 and 30 percent. Given the demographic composition of Central Asia, where young people make up over half of the population, the current education crisis will have long-lasting negative consequences.

The World Bank cannot emphasize enough the need for Central Asian countries to focus on improving access to quality education for all students, as well as on recovering learning losses that threaten to keep an entire generation from achieving their potential,” said Lilia Burunciuc, World Bank Country Director for Central Asia region.

Good quality higher education is critical for people to remain competitive in fast-changing labor markets. Improving higher education in the Central Asian states would help them retain their high-skilled labor force in the face of sustained out-migration.

Continue Reading
Comments

Finance

Free bonus from Binance and the amount of Ethereum best crypto signals is growing

Published

on

Binance Gives New Users $ 100

Binance, one of the leading cryptocurrency exchanges, is giving out a welcome bonus to its new users who join its platform. Binance offers the option of giving up to $ 100 to new users.

Binance, the world’s largest cryptocurrency exchange by trading volume, is offering a welcome bonus of up to $ 100 to new users who join its system. To benefit from these rewards, users must be members of the Binance exchange and then complete certain tasks – said the analyst of SafeTrading.

Users who are new members of the Binance exchange must complete the tasks set by the platform within 7 days. Users must complete the authentication process before running these tasks. Once this process is complete, you can switch to an interface called Task Center. Binance challenges and awards include:

– A $ 5 bonus cash voucher on your first deposit of at least $ 50 in Fiat or P2P.

– A $ 50 spot cashback coupon on the first purchase of at least $ 100 worth of crypto in spot transactions.

– $ 45 Spot Refund Coupon for your cryptocurrency trading of at least $ 100 on spot trades.

After completing the three tasks mentioned above, you can view the cost and expiration date of your coupons in the Reward Center interface.

Binance will award a premium of $ 1.8 million

Binance, one of the world’s largest cryptocurrency exchanges, has created a $ 1.8 million prize pool for its 4th anniversary. Binance’s largest prize pool by best crypto signals to date will be raised with users at a special event hosted by the giant cryptocurrency exchange by the info of SafeTrading.

To take advantage of this event, you must first be a member of the Binance exchange. Upon completion of membership, tasks are displayed in the Challenge interface. There are prizes defined as 350 CHR, 200 CHZ, 500 DATA, 20 DEXE, 800 TRX, NFT, thanks in the call interface. To take advantage of these rewards, you must complete the quests at the bottom of the event interface. Users who are eligible to spin the wheels with these challenges can take advantage of these rewards by clicking on the ‘GO’ option. However, the user who has completed the quest can go through the same quest again after 24 hours and be eligible to spin the wheel.

The event will run until 14.59, 07/14/2021.

Is Shibaswap Safe? What do the reviews say?

Many people question the transparency and reliability of ShibaSwap and its best crypto signals.

ShibaSwap security check error.

Despite the unexpected success of this decentralized dog exchange, there are warnings that liquidity providers are adding capital via an undefined security protocol. Amid Elon Musk’s annoying dog token trading, on July 7, Shiba developers launched a purported decentralized exchange with attractive perks for users. Within 24 hours of launch, the exchange has raised over $ 1 billion in blocking.

On July 8, a columnist for cryptocurrency exchange DeFi Safety published a report on ShibaSwap, in which the exchange score is only 3%, which is well below the 70% that the site considers successful.

Describing the rating as a “crushing failure,” DeFi Safety reported that ShibaSwap failed on all but two of the 22 review criteria. The exchange received a 30% Credibility rating for the clarity of the information presented in the whitepaper.

ShibaSwap one address.

On July 7, Solidity developer Joseph Schiarizzi warned that ShibaSwap is under the control of only one address for most of the first day of the hosting contract.

Since then, ShibaSwap has upgraded the contract to a multi-signature system that requires six secure accounts to reconcile transactions before they are executed. Schiarzzi warns that each of the addresses can be under the control of one person:

Most of these secure accounts are newly opened accounts with 0 transactions and no ETH, so it is likely that the holders of these accounts are simply people working for the ShibaSwap developers who can easily agree to participate in a betting contract.

DeFi Watch analyst Chris Black shared Sciarizzi’s warnings about ShibaSwap safety risks with his 22,000 followers and drew attention to the DeFi Safety review.

The number of Ethereum users has increased by 5 million in the last 30 days!

Ethereum (ETH), the world’s largest smart contract development platform, continues to gain traction ahead of the planned upgrade, reaching over 5 million new users in just 30 days (Info of the SafeTrading team).

Ethereum Demand Grows Rapidly

On average, this means 173,235 new users are added to the Ethereum network daily. With sob data, the total number of Ethereum addresses in the world has increased to 162,231,196.

Celsius Network CEO Alex Mashinsky recently stated that Ethereum is “converting” bitcoins, which will make cryptocurrencies more widespread. Mashinsky expects wider adoption of Ethereum as he believes tier 2 solutions will solve the problems with ETH in the near future.

ETH 2.0, on the other hand, will be a significant and incremental improvement to tier 2 solutions, but Mashinsky said the two systems will work together in the future. Ethereum developers recently introduced a new bill allowing the London hard fork. This account also includes the highly anticipated Ethereum EIP-1559 update.

A week ago, Ethereum surpassed Bitcoin in terms of the total number of active addresses per day for the first time in the history of cryptocurrency. This event shows that the demand for the second largest cryptocurrency in the world is growing. The fact that Ethereum is significantly ahead of Bitcoin in terms of daily active addresses is a harbinger that it will become a big competitor to Bitcoin in terms of price.

The number of Ethereum users has increased by 5 million in the last 30 days!

For example, the American investment bank Goldman Sachs believes that the Ethereum network is capable of using it as the main storage for cryptocurrencies.

Ethereum is on track to become the most popular smart contract development platform in the crypto community, according to a Business Insider report released on Tuesday.

How will this affect the price of Ethereum?

After the last big drop, Ethereum, which, like all altcoins, was seriously damaged, started the week with a rally. The price is currently hovering around $ 2,230. If the Ethereum price remains above the $ 2,230 support, it could correct higher in the near future. The first resistance is around the $ 2,280 level and the 100-hour SMA. If the first key resistance is $ 2300. The next major resistance is around the $ 2,350 level. The additional gain could push the price towards the $ 2,400 level, and new updates in the coming months suggest that this could push the price higher.

Continue Reading

Finance

How To Perform Forensic Delay and Disruption Analysis?

Published

on

Forensic delay and disruption analysis refers to the process of investigation that determines the causes and extent of delays in order to resolve disputes related to construction projects. It revolves around identification of the activities or events causing delays to the critical path and quantifying the delay caused by each event.

The analysis requires the help of experts trained in Critical Path Method (CPM) Scheduling methods. These experts are appointed by parties involved in a disputed project who come to an agreement regarding the causes of delay. In this article, we have explained how an expert performs a detailed forensic delay and disruption analysis.

How is a Forensic Delay and Disruption Analysis Performed?

A forensic delay and disruption analysis can be conducted prior to the commencement of the project as a form of risk assessment. Alternatively, it could be done during or after completion of the project to identify the causes as well as the amount of delay.

To perform a forensic delay and disruption analysis, it is essential to enlist the help of an expert. The expert performs the analysis by evaluating the planned and actual results, the type of critical delay incurred, and activities leading to the delay.

The delay analysis is all about finding details – how the actual project progressed, what activities or events had an impact on the time taken for completion, etc. And to figure this out, the expert needs to move beyond taking the project schedule at face value and evaluating its activities.

They have to go through all of the contemporary records related to the project in order to identify the actual causes and effects of the delay events affecting the critical path of the project.

However, not all projects may have the complete set of records that is needed by the expert. In such cases, the experience of the expert allows them to work out a satisfactory analysis using incomplete or inaccurate data.

Forensic Delay Analysis Methodologies

There is no standard method in forensic delay analysis that can be followed for every situation. Before deciding on the most suitable method, an expert needs to consider several aspects. These include:

  • Type of required analysis- retrospective or prospective
  • Requirements of the contract
  • Dispute value
  • Available time
  • Availability of records and program information

On the basis of the above aspects, the expert identifies the most suitable methodology for analysis. In case there are experts appointed separately by both the parties involved in the dispute, the experts need to unanimously decide on a methodology to maintain ease of interpretation and comparison.

Some of the most common methods used in forensic delay and disruption analysis are as follows.

  • Impacted As-Planned Analysis
  • Time Impact Analysis
  • As-Planned vs As-Built
  • Windows Analysis
  • Collapsed As-Built Analysis

Conclusion

To conclude, forensic delay and disruption analysis is a means of negotiating a fair result in case of a dispute related to delays in construction projects. A delay analysis expert needs to go through all the relevant records and identify the most suitable methodology to ensure that they don’t end up with an erroneous conclusion.

Continue Reading

Finance

Learn how a traffic violation lawyer in VA can help you

Published

on

If you happen to be in a situation where there is a misunderstanding or there is any sort of conflict with the traffic authorities concerning traffic, the best thing you can always do is to hire a traffic violation lawyer. You see, the traffic violation tickets can usually leave you feeling frustrated, especially when you have nothing you can do about them.

You need to get legal advice from a traffic violation attorney because these experts know the required legal matters. Besides, there are good chances that you can resolve some issues when you use a traffic violation attorney. In this article, you will learn how a traffic violation lawyer can help you.

How a traffic violation attorney can help you

In most cases, there are various ways that a traffic violation attorney can assist you when you are facing a traffic violation charge. A traffic violation lawyer in VA is there to listen to all the details of your situation and even analyze your legal position. They can also tell you the advantages and disadvantages that come with alternate courses of action.

There are many attorneys out there who build great relationships with prosecutors. They also know their ways around the court systems and can use their expertise to your benefit.

It’s worth noting that your traffic violation attorney can gather information and facts from you and evaluate all the aspects of the traffic offenses that they are charging you. An experienced traffic violation lawyer can also evaluate the legal defenses that are there in your case.

These may include inaccuracies and mistakes done by the arresting officer as well as other technical defenses that can be useful. For serious charges, you can use the attorney’s experience and skills to assist you to negotiate with the prosecutor.

There are several data derived from the National Highway Transportation Safety Administration suggesting that the combination of at least three field sobriety tests when used together gave the accuracy of 91 percent in all DUI cases. It means that there are good chances that the arresting officer can be wrong in at least 9 for every 100 field sobriety tests.

Technically, to get an accurate administration of these three tests, the arresting officer needs to follow some strict guidelines and these tests must be done under specific conditions. Your traffic violation lawyer can challenge your case based on these tools. Therefore, before you meet a lawyer, it’s important to create a summary of information concerning the case. This can help a traffic violation attorney to understand the intricate details of your case.

Cost of a traffic violation attorney

The fees that traffic violation attorneys can vary depending on the specific circumstances of the offense they are charging you with. You can find some lawyers out there who may charge a flat rate so that they can get a citation dismissed.

As explained earlier, these fees can vary depending on the attorney and how much effort and time that they can spend on your case. The fees for moving and non-moving violations can also vary significantly. Some traffic violation attorneys can find that it’s sometimes quite expensive and time-consuming to deal with a DUI defense, so they avoid handling them.

When you are meeting a traffic violation attorney, they need to be clear with the scope and purpose of the legal representation. They should also say what will be included in the cost of this legal representation to make sure that you are receiving all the services that you expect from your lawyer. Before you retain a traffic violation lawyer, it’s also important to consider asking for a written agreement to ensure that both parties understand and are clear on the terms and conditions.

Remember that lawyer’s fees can quickly increase when contesting a speeding ticket and can even get higher if the case is complex and goes to trial. This is because an attorney can charge a fee for a particular type of case or even an hourly rate. And, you may need to pay an advance fee that is also called a retainer.

You need to understand all these details associated with the fee arrangement for the services before you retain a lawyer. In this way, you can avoid meeting unexpected costs when the representation starts. You should also understand if you are eligible for a refund of this fee when you decide to terminate the lawyer while they start working on the case.

Types of traffic violation lawyers

There are usually two types of traffic violation attorneys that can come in handy in your traffic violation case. Here is what you need to know about these attorneys:

Private practice

Any lawyer who handles traffic offenses knows the stakeholders, and the dynamic laws and processes that these cases are resolved in traffic courts. There are good chances that a prosecutor can dismiss all the charges against you if a traffic violation attorney represents you.

In most cases, prosecutors can sometimes take advantage of people without legal representation. An experienced traffic violation lawyer usually works to get the best outcome for your case. Their aim is to get the citation reduced or dismissed.

If your job needs driving, then you can’t want your driver’s license to be suspended. You need to hire a lawyer so that they can help you avoid this situation. People with commercial driver’s licenses must always hire a traffic violation lawyer before paying a ticket. This is because there are some specific laws that can apply to commercial licenses, leading to a faster license suspension.

Public defenders

If you believe that you cannot afford a private attorney, then you can ask the court to appoint a lawyer who works with the public defender’s office. Remember that court-appointed lawyers can represent only those who cannot afford hiring a lawyer and they are facing a jail sentence.

However, financial problems that can be caused when you hire a lawyer is not a sufficient ground for the appointment of a lawyer. The judge can decide that besides all the fines and court costs, you should also pay certain charges for the legal services after using a court-appointed lawyer.

Continue Reading

Publications

Latest

Middle East6 hours ago

The Russian bear in Lebanon

It turned out that the Biden-Putin summit on May 16 has established a wider effect than anyone would expect. It...

Travel & Leisure8 hours ago

Iran’s memories in Afghanistan: two sisters apart

For years, many people including Iranians, have dreamed of visiting Afghanistan and viewing its colorful sights, a beautiful country that...

East Asia10 hours ago

Quad Infrastructure Diplomacy: An Attempt to Resist the Belt and Road Initiative

Over the years, the competition between the great powers in the dual space of the Indian and Pacific Oceans has...

Economy12 hours ago

US Economic Turmoil: The Paradox of Recovery and Inflation

The US economy has been a rollercoaster since the pandemic cinched the world last year. As lockdowns turned into routine...

EU Politics14 hours ago

Commission proposes draft mandate for negotiations on Gibraltar

The European Commission has today adopted a Recommendation for a Council decision authorising the opening of negotiations for an EU-UK...

modi macron modi macron
South Asia16 hours ago

Why France holds the key to India’s Multilateral Ambitions

Authors: Prof. Nidhi Piplani Kapur and K.A. Dhananjay As Indian Foreign Secretary Harsh Shringla pitches for permanent membership and reforms...

Americas18 hours ago

As Refugees Flee Central America, the Mexican Public Sours On Accepting Them

Authors: Isabel Eliassen, Alianna Casas, Timothy S. Rich* In recent years, individuals from Central America’s Northern Triangle (El Salvador, Guatemala,...

Trending