Lably
Skip to content

2008 Central Asia energy crisis

Energy shortage in Central Asia

  • 4 min read
  • 8 chapters

Related on Lably

Through Energy crisis, Central Asia and Winter

World Bank debt and price hikes

At the beginning of January 2008, officials announced an electricity price hike of 20 percent to allow the "government [to] repay its debt to the World Bank." According to an official at Barqi Tojik, a national power company, limits will become stricter, and the price for electricity is expected to rise until 2010.

In April 2008, Pradeep Mitra, World Bank chief economist for Europe and Central Asia, issued an uncharacteristic statement, urging the worse-hit countries to spend more on social assistance and "top up" their social programs.

Nonetheless, Mitra focus remained centred "on inflation management," suggesting that the affected countries "especially refrain from imposing controls on trade" (measures recently undertaken by many countries to protect their populations from food price inflation and keep food available domestically), arguing that "it could work against the food supply in the longer term."

Sign in to keep reading

7 more chapters are free with a Lably account.

More in Energy