Unleashing Growth Potential in the Middle East

2017-04-15T14:28:11-04:00February 24, 2011|

Recent popular protests in the Middle East and North Africa, although likely to have a negative economic impact in the short run, might actually help to unleash the countries’ long-term growth potential. By providing the impetus for reforms, these events may encourage better governance, greater transparency, and more competition—in other words, tackling many of the constraints that have held back progress in these societies. In a recent (video) interview, I talk more about events in the region, the policy challenges, and what actions might help these countries achieve higher standards of living and employment for all sections of society.

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?

Saving the Lost Generation

2017-04-15T14:33:55-04:00September 14, 2010|

Oslo was the scene this week of a remarkable event that brought together global leaders from government, business, trade unions, and academia to discuss what many of them said is the biggest issue facing the world today: the jobs crisis. In this blog, IMF Managing Director Dominique Strauss-Kahn reflects on unemployment today—the highest level in history—and, importantly, about what can be done to save the potentially "lost generation" of unemployed young people.

IMF Youth Dialog: Addressing Mideast Unemployment

2017-04-15T14:39:35-04:00April 1, 2010|

After an unprecedented global economic downturn, recovery is beginning to take hold across the world. Nevertheless, the downturn has heightened the core challenges that countries faced before the crisis took hold. Among these, one that stands out in the countries of the Middle East and North Africa is youth employment—or a lack of it.
Go to Top