Presentation of The Regional Economic Outlook of The IMF for The Middle East

Economic prospects for the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) and Caucasus and Central Asia (CCA) regions are diverging. Despite the strengthening global recovery, the outlook for MENAP countries remains relatively subdued due to the continued adjustment to low oil prices and regional conflicts. In contrast, the outlook for the CCA region is improving, supported by the more favorable global environment. In both regions, efforts to promote growth-friendly fiscal consolidation, stronger monetary policy frameworks, economic diversification and private sector development should continue. The window of opportunity arising from various integration initiatives and the favorable external environment call for increasing trade openness, while the adoption of financial technologies could increase financial inclusion and facilitate greater access to credit. Together, these actions will help MENAP and CCA countries to secure higher and more inclusive growth.

These are some of the conclusions of the Regional Economic Outlook of the IMF for the MENA Region in 2017. However, what are the main trends in the economies of the MENA region? Which countries will have a deeper economic impact due to regional instability? How will the price of oil affect both exporting and importing economies? What is the economic and financial impact of host countries on refugee management? What are the economic effects of the Syrian and Libyan crisis in the region?

To answer these questions, IEMed hosts a conference with Martin Sommer, Deputy Chief of Regional Studies Middle East and Central Asia Department at The International Monetary Fund.