Shifting Sands

2019-03-15T13:22:54-04:00November 30, 2017|

By IMFBlog

November 30,2017

This issue of F&D focuses on the Middle East and North Africa. We take stock of the region’s rapid transformation since the uprisings of 2011—a period that raised the hopes of millions for a better future, and caused despair for millions of others.

The iron lid that had kept Arab societies artificially stable was lifted by the uprisings, writes Marwan Muasher of the Carnegie Endowment for Peace. Now, […]

Chart of the Week: Conflict’s Legacy for Growth

2019-03-25T16:17:19-04:00May 8, 2017|

By IMFBlog

Versions in عربي (Arabic)

May 8, 2017

Conflict has been on the rise since the early 2000s given the wars in Afghanistan, Iraq, and Syria.

 Conflict leads not only to immeasurable human costs, but also to substantial economic losses with consequences that can persist for years. The tragic rise in conflict has weighed on global GDP growth in recent years, given the increasing number of countries experiencing strife, the severe effect on economic activity, and the considerable size of some of the affected economies.

The IMF’s most recent World Economic Outlook (Box 1.1) takes a closer look through […]

The Calculus of Conflict in the Middle East

2019-03-26T15:58:09-04:00September 16, 2016|

Lagarde.2015MDPORTRAIT4_114x128By Christine Lagarde

Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語(Japanese), Русский (Russian), and Español (Spanish)

As world leaders head to New York this week for the United Nations General Assembly, there is still no end to the heart-breaking images of war-torn cities in the Middle East and North Africa, and of a massive exodus of people looking for sanctuary and opportunities to sustain a livelihood.

[…]

Avoiding a Lost Generation

2017-04-15T14:11:00-04:00March 15, 2012|

Young people were innocent bystanders in the global financial crisis, but they may well end up paying the heaviest price for the policy mistakes that have led us to where we are today. Young people will have to pay the taxes to service the debts accumulated in recent years.

The Arab Spring, One Year On

2017-04-15T14:15:41-04:00December 6, 2011|

It is a period when hard choices must be made, when post-revolutionary euphoria must give some way to practical concerns. It also does not help that this is happening at a time of great turmoil in the global economy. But I remain hopeful. The final destination is clear: the Arab Spring is still poised to unleash the potential of the Arab people.

Bringing the Informal Sector into the Fold

2017-04-15T14:15:56-04:00November 16, 2011|

The informal economy is large and pervasive—and, often, ignored; however, the experience of those who work in the informal sector came under the media spotlight when Tunisian street vendor Mohamed Bouazizi set himself on fire that fateful day in December last year, sparking the Arab Spring protests.

More than 18 Million Jobs Needed!

2017-04-15T14:32:51-04:00October 31, 2010|

For the six oil-importing countries in the Middle East and North Africa region—Egypt, Jordan, Lebanon, Morocco, Syria, and Tunisia—high unemployment is a chronic problem. Averaging above 10 percent for the past two decades, unemployment rates here are among the highest in the world. And, youth unemployment is even more alarming at over 20 percent. Given the enormous economic and social costs of unemployment, the region can no longer afford the status quo. These countries need to create about 18? million full-time jobs over the next decade to provide employment for young people looking for their first job and to bring down unemployment. But, why is unemployment chronically high? And what needs to be done to fix it?
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