Economic Governance Reforms To Support Inclusive Growth In The Middle East North Africa And Central Asia
Economic Governance Reforms To Support Inclusive Growth In The Middle East North Africa And Central Asia Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Economic Governance Reforms To Support Inclusive Growth In The Middle East North Africa And Central Asia book. This book definitely worth reading, it is an incredibly well-written.
Economic Governance Reforms to Support Inclusive Growth in the Middle East, North Africa, and Central Asia by Mr.Christopher J. Jarvis,Ms.Gaelle Pierre,Mr.Benedicte Baduel,Dominique Fayad,Alexander de Keyserling,Mr.Babacar Sarr,Mariusz A. Sumlinski Pdf
This IMF Departmental Paper presents the key areas in which countries of the Middle East, North Africa, and the Caucasus and Central Asia (MECA) can enhance governance and fight corruption to achieve their economic policy goals. It draws on advances that have already taken hold in the region.
Mr. Christopher J. Jarvis,Ms. Gaelle Pierre,Mr. Benedicte Baduel,Dominique Fayad,Alexander de Keyserling,Mr. Babacar Sarr,Mariusz A. Sumlinski
Author : Mr. Christopher J. Jarvis,Ms. Gaelle Pierre,Mr. Benedicte Baduel,Dominique Fayad,Alexander de Keyserling,Mr. Babacar Sarr,Mariusz A. Sumlinski Publisher : International Monetary Fund Page : 58 pages File Size : 44,9 Mb Release : 2021-01-13 Category : Business & Economics ISBN : 9781513522623
Economic Governance Reforms to Support Inclusive Growth in the Middle East, North Africa, and Central Asia by Mr. Christopher J. Jarvis,Ms. Gaelle Pierre,Mr. Benedicte Baduel,Dominique Fayad,Alexander de Keyserling,Mr. Babacar Sarr,Mariusz A. Sumlinski Pdf
Curbing corruption can help countries achieve higher and more inclusive growth. The paper focuses on the Middle East, North Africa, and the Caucasus and Central Asia. The roots of corruption often lie in poor economic governance, and thus improving governance of economic institutions can help curb corruption. While every MCD country possesses its own strengths and weaknesses, there are some common themes and problems that emerge.
State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges by Mr. Ernesto Ramirez Rigo,Christine J. Richmond,Oluremi Akin Olugbade,Gareth Anderson,Maria Atamanchuk,Mr. Hatim Bukhari,Iacovos Ioannou,Deeksha Kale,Tannous Kass-Hanna,Mr. Maximilien Queyranne,Wei Shi,Joyce Wong Pdf
Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 124 pages File Size : 54,8 Mb Release : 2018-07-17 Category : Political Science ISBN : 9781484368633
Opportunity for All by International Monetary Fund. Middle East and Central Asia Dept. Pdf
This publication brings together a set of IMF papers that prepared as backgrounds for the various sessions of the conference and will help put into broader dissemination channels the results of this important conference. An official IMF publication is well disseminated into academic and institutional libraries and book channels. The IMF metadata will also make the conference papers more discoverable online.
Promoting Inclusive Growth in the Middle East and North Africa by Mr. Roberto Cardarelli,Ms. Mercedes Vera-Martín,Mr. Subir Lall Pdf
Despite some pre-pandemic gains in poverty reduction, literacy, and lifespans, many economies in the Middle East and North Africa (MENA) have struggled to ensure that the benefits of economic development and diversification accrue equitably to all segments of their populations. Among the main issues that remain unresolved are the high share of inactive youth (who are not engaged in employment, education, or training); large gaps in economic opportunities for women; fragmented social protection systems; and underdeveloped private sectors with tight regulation, absence of a level playing field, and limited access to credit that stifle the creation of new firms and growth, employment, and incomes. The COVID-19 pandemic not only risks wiping out some of the progress made in the region over the past decades, but could also exacerbate inequality in a durable way. There is evidence that the impact of the pandemic has been uneven across groups, with the recession having a disproportionate effect on the low-skilled, the young, women, and migrant workers in employment and incomes. With widespread inequality, high unemployment, and the expected entry of 27 million young people into the labor force over the next 10 years, countries across the MENA region need to evolve their economic models to boost job creation and make sure that the benefits of economic development are shared more widely among all their citizens. This book’s objective is to reassess the inclusive growth agenda in the MENA region in light of the rapidly changing pandemic-influenced world. It argues that countries need to embrace global trade and technological advances and evolving demographics at home as an opportunity to successfully implement policies that foster higher and more inclusive growth. It underscores that a return to the old social contract is neither desirable nor feasible. The book presents a comprehensive view of policies suited to the regional context that would boost job-rich and inclusive growth within a resilient macroeconomic policy framework. Its goal is to provide guidance to policymakers in the region to frame how best to promote inclusive growth, including in their engagement with all stakeholders.
Opportunity for All by MissCatriona Purfield,Mr.Harald Finger,Mrs.Karen Ongley,Mr.Benedicte Baduel,Carolina Castellanos,Ms.Gaelle Pierre,Vahram Stepanyan,Mr.Erik Roos Pdf
This publication brings together a set of IMF papers that prepared as backgrounds for the various sessions of the conference and will help put into broader dissemination channels the results of this important conference. An official IMF publication is well disseminated into academic and institutional libraries and book channels. The IMF metadata will also make the conference papers more discoverable online.
Breaking the Barriers to Higher Economic Growth by Mustapha Kamel Nabli Pdf
The world's attention to the countries of the Middle East and North Africa (MENA) region has often been dominated by headline issues: conflict, sanctions, political turmoil, and rising oil prices. Little of this international attention has considered the broad range of development challenges facing this diverse group of countries. Breaking the Barriers reflects the collected thinking of the World Bank's Office of the Chief Economist for the MENA Region on the long-term development challenges facing the region and the reform priorities and strategies for effectively meeting these challenges. It.
Social Spending for Inclusive Growth in the Middle East and Central Asia by Mr.Koshy Mathai,Mr.Christoph Duenwald,Ms.Anastasia Guscina,Rayah Al-Farah,Mr.Hatim Bukhari,Mr.Atif Chaudry,Moataz El-Said,Fozan Fareed,Mrs.Kerstin Gerling,Nghia-Piotr Le,Mr.Franto Ricka,Mr.Cesar Serra,Tetyana Sydorenko,Mr.Sébastien Walker,Mr.Mohammed Zaher Pdf
This paper examines the role of social spending in improving socioeconomic outcomes in the Middle East and Central Asia. In particular, it addresses the following questions: (1) how large is social spending across the region? (2) how do countries in the region fare on socioeconomic outcomes? (3) how important is social spending as a determinant of these outcomes? and (4) how efficient is social spending in the region?
Subsidy Reform in the Middle East and North Africa by Mr.Carlo A. Sdralevich,MissRanda Sab,Mr.Younes Zouhar,Ms.Giorgia Albertin Pdf
In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms.
Author : World Bank Publisher : World Bank Publications Page : 276 pages File Size : 44,5 Mb Release : 2009-11-04 Category : Business & Economics ISBN : 9780821378892
'From Privilege to Competition: Unlocking Private-Led Growth in the Middle East and North Africa' sheds new light on the difficult quest for stronger and more diversified growth in a region of unquestionable potential. It underlines the need to strengthen reforms in many areas specifically, by reducing policy uncertainty and improving credit and real estate markets. It also highlights other important issues that restrain the credibility and impact of reforms in many parts of the region: conflicts of interest between politicians and businesses, an investment climate that favors a few privileged firms, and a dominant private sector that often opposes reforms. The book recommends that countries in the Middle East and North Africa (MENA) engage in more credible reform agendas by improving the implementation of policies in a manner that will reduce discretion and privileges. This renewed commitment to stronger growth would entail several developments. First, governments will need to reduce opportunities for rent-seeking and foster competition. Second, they will need to work to reform institutions: private sector development policies will need to be systematically anchored in elements of institutional and public sector reforms in order to reduce discretion and opacity and improve the quality of services to firms. Third, they will need to mobilize all stakeholders, including larger representations from the private sector, around dedicated long-term growth strategies. Short of such a fundamental shift in the way private sector policies are formulated and implemented, investor expectations that governments are committed to reform will be limited. It will take political will and time to support sustained reforms that credibly convince investors and the public that changes are real, deep, and set to last. MENA countries are endowed with strong human capital, good infrastructure, immense resources, and a great deal of untapped creativity and entrepreneurship. The economic and social payoff of embarking on a more ambitious private-led growth agenda could thus be immense for all.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 63 pages File Size : 48,5 Mb Release : 2023-10-12 Category : Business & Economics ISBN : 9798400254222
Regional Economic Outlook, Middle East and Central Asia, October 2023 by International Monetary Fund. Middle East and Central Asia Dept. Pdf
Across the Middle East and Central Asia, the combined effects of global headwinds, domestic challenges, and geopolitical risks weigh on economic momentum, and the outlook is highly uncertain. Growth is set to slow this year in the Middle East and North Africa region, driven by lower oil production, tight policy settings in emerging market and middle-income economies, the conflict in Sudan, and other country-specific factors. In the Caucasus and Central Asia, although migration, trade, and financial inflows following Russia’s war in Ukraine continue to support economic activity, growth is set to moderate slightly this year. Looking ahead, economic activity in the Middle East and North Africa region is expected to improve in 2024 and 2025 as some factors weighing on growth this year gradually dissipate, including the temporary oil production cuts. But growth is expected to remain subdued over the forecast horizon amid persistent structural hurdles. In the Caucasus and Central Asia, economic growth is projected to slow next year and over the medium term as the boost to activity from real and financial inflows from Russia gradually fades and deep-seated structural challenges remain unsolved. Inflation is broadly easing, in line with globally declining price pressures, although country-specific factors—including buoyant wage growth in some Caucasus and Central Asia countries—and climate-related events continue to make their mark. Despite some improvement since April, the balance of risks to the outlook remains on the downside. In this context, expediting structural reforms is crucial to boost growth and strengthen resilience, while tight monetary and fiscal policies remain essential in several economies to durably bring down inflation and ensure public debt sustainability.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 59 pages File Size : 52,6 Mb Release : 2022-10-31 Category : Business & Economics ISBN : 9798400220654
Regional Economic Outlook: Middle East and Central Asia by International Monetary Fund. Middle East and Central Asia Dept. Pdf
In a worsening global environment, economies in the Middle East and Central Asia are being buffeted by a confluence of shocks: a global slowdown, high and volatile food and energy prices, faster and stronger than expected tightening of financial conditions, and the risk of fragmentation. The region’s emerging market and middle-income economies (EM&MIs) and low-income countries (LICs) are hit hard, with many facing curtailed access to market financing, while oil-exporting countries are being buffered by still-high energy prices. The adverse impact of Russia’s war in Ukraine on the Caucasus and Central Asia (CCA) has thus far been milder than expected. Still, the CCA’s strong ties to Russia entail substantial risks to the region’s outlook. The most urgent policy challenge for all countries is to tackle the cost-of-living crisis by restoring price stability, protecting vulnerable groups through targeted support, and ensuring food security. Policy trade-offs in EM&MIs and LICs have become more pronounced than ever, as they also need to preserve debt sustainability and financial stability. Oil exporters have the opportunity to maximize the benefits of the oil windfall by building buffers and advancing their diversification plans. CCA countries should carefully assess the magnitude and durability of the initial spillovers from the war in Ukraine and adjust their policy mix accordingly. Limited policy space in many countries raises the urgency of structural reforms to bolster economic growth while transforming economies to become more resilient, sustainable, diversified, and inclusive.
Natural Resources, Volatility, and Inclusive Growth by Mr.Rabah Arezki,Mr.Mustapha K. Nabli Pdf
This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on standard income level measures. Resource rich countries in MENA have experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important improvements in health and education have taken place but the quality of the provision of public goods and services remains an important source of concerns. Looking forward we argue that the success of economic reforms in MENA rests on the ability of those countries to invest boldly in building inclusive institutions as well as high levels of human capacity in public administrations.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 12 pages File Size : 43,7 Mb Release : 2024-01-31 Category : Business & Economics ISBN : 9798400265525
Regional Economic Outlook Update: Middle East and Central Asia, January 2024 by International Monetary Fund. Middle East and Central Asia Dept. Pdf
The conflict in Gaza and Israel is yet another shock to the Middle East and North Africa (MENA) region. It is causing immense human suffering and exacerbating an already challenging environment for neighboring economies and beyond. This Update covers economies in the MENA region and does not discuss developments in Israel. It discusses the updated outlook for the region, risks, and policy recommendations.
