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Main guidelines for EAEU States’ macroeconomic policy for 2020-2021 approved

Main guidelines for EAEU States’ macroeconomic policy for 2020-2021 approved

5/19/2020

The Supreme Eurasian Economic Council approved the main guidelines for the Eurasian Economic Union States’ macroeconomic policy for 2020 - 2021.


The document includes a set of national and integration measures to improve the economic situation in Member States and minimize the economic consequences of external shocks associated with the coronavirus pandemic and a sharp decrease in commodity prices.


The mid-term objectives of the EAEU macroeconomic policy are to preserve macroeconomic stability and the attained living standards of the population, to create a basis for the Union's advance economic development. They shall be achieved by taking effective measures aimed at maintaining macroeconomic sustainability, advance investment growth, developing the scientific, technological and production potential of the EAEU, as well as creating conditions for maintaining stable demand, expanding export opportunities and intensifying mutual trade.


The proposals elaborated by the Commission are of particular relevance for the Union countries, given the need for a comprehensive response to threats to macroeconomic stability in connection with the coronavirus pandemic and other destabilization risks in the commodity and financial markets.


The EEC will analyze the measures being implemented by Member States and evaluate their compliance with the approved main guidelines for the Union States’ macroeconomic policy for 2020 - 2021.​