A conference and panel take place this Wednesday (2) in Dubai with the IMF’s director of the Middle East and Central Asia Department, Jihad Azour.
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Annual meetings are held in the USA two years back-to-back and then in a different country every third year. Indonesia will be the host in October 2018.
The aim is to discuss actions to promote higher economic growth and job creation in the Arab country. Global best practices will be analyzed within the local context.
An IMF team visited Muscat from April 3 to 16 and made a positive assessment on the economic scenario, forecasting an increase in revenues from other sectors other than oil.
IMF forecasts a world growth of 3.9% in 2018 and 2019. Recovery in commodity prices will help developing countries.
A Fund’s staff team visited the African country last week and identified progress regarding economic growth. High inflation and low international reserves present risks to macroeconomic stability.
