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Middle East and Central Asia > Saudi Arabia

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Manpower policy x
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Cover Policy Papers
Gulf Cooperation Council (GCC) - Labor Market Reforms to Boost Employment and Productivity in the GCC
International Monetary Fund
The GCC growth model has delivered substantial improvements in living standards over several decades. Access to foreign labor has supported rapid growth in the non-oil sector and price stability in the region. It has also resulted in positive spillovers to the migrant-sending countries through large remittance flows. At the same time, governments have increased public-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or stagnated, and there is limited progress on economic diversification
Keywords:
PP; GCC country; wage subsidy; public-sector wage bill; labor force; foreign worker; wage restriction; employment quota; crowding out; output gap; subsidies temporary; GCC growth model; Employment; Labor markets; Wages; Foreign labor; Employment subsidies; Global
Cover Policy Papers
The G-20 Mutual Assessment Process and the Role of the Fund
International Monetary Fund
This paper summarizes the Fund staff’s understanding of the modalities that the G-20 members intend to follow in their mutual assessment process and what they have requested for this purpose from the Fund. It also discusses the legal and policy implications of the Fund’s involvement in this exercise, but without prejudging the broader discussion of the Fund’s mandate the Board will have in the coming months. As the G-20 process is still evolving, the precise nature of the Fund’s involvement, in particular its inputs, will become clearer over time. The Executive Board will be kept informed as the process develops.
Keywords:
PP; G20 industrial nations; staff; Fund staff; policy; country; G-20 Summit; country desk; growth objective; forward-looking assessment; country update; understanding of the modality; Labor market policy; Legal support in revenue administration; Budget planning and preparation; Asset bubbles; Global