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Mr. Mohamed A. El-Erian and Ms. Susan Fennell

Abstract

Coverage. The MENA region is defined to encompass the economies of the Arab League (Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, the Syrian Arab Republic, Tunisia, the United Arab Emirates, and the Republic of Yemen), as well as the Islamic Republic of Iran and Israel.11 The region possesses abundant natural resources and, on average, enjoys a reasonable standard of living. However, individual countries exhibit a broad diversity of characteristics. They vary substantially in natural resources, economic and geographical size, population, and standards of living.

International Monetary Fund. External Relations Dept.

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Mr. Martin Sommer, Mr. Allan G Auclair, Mr. Armand Fouejieu, Ms. Inutu Lukonga, Mr. Saad N Quayyum, Amir Sadeghi, Mr. Gazi H Shbaikat, Mr. Andrew J Tiffin, and Mr. Bruno Versailles
This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks.
Ms. May Y Khamis and Mr. Abdelhak S Senhadji
Departmental papers are usually focused on a specific economic topic, country, or region. They are prepared in a timely way to support the outreach needs of the IMF’s area and functional departments.