LBCI

Economic growth decreases in MENA region: IMF's Jihad Azour

Middle East

12-02-2023 | 13:36

Share

Share

Economic growth decreases in MENA region: IMF's Jihad Azour

The Director of the Middle East and Central Asia Department at the International Monetary Fund, Jihad Azour, announced on Sunday that the Fund's expectations indicate a decline in economic growth in the Middle East and North Africa region to 3.2 percent during the current year from 5.4 percent in 2022.

Azour's remarks were made during the Seventh Public Finance Forum for the Arab Countries, whereby he mentioned that the region suffers from several challenges, most notably the high levels of inflation that affect segments of society, adding that the governments of the region must work on three main axes:

The first is achieving economic stability that reduces risks and raises investment levels.

The second is giving a more significant role to the private sector, sectors that create job opportunities, and new sectors such as technology.

And the third axe is raising the level of cooperation between the countries and governments of the region.

Breaking Headlines

IMF

Official

Economy

Economic Growth

MENA

Middle East

North Africa

Region

Decrease

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Hiba Nasr: Trump holds phone call with President Aoun

2026-04-16

Hiba Nasr: Trump holds phone call with President Aoun

Lebanese Health Ministry says death toll from Israeli strikes since March 2 rises to 3,666

2026-06-09

Lebanese Health Ministry says death toll from Israeli strikes since March 2 rises to 3,666

Iran official says funeral procession for Supreme Leader to pass through Iraq

Middle East News

2026-06-17

Iran official says funeral procession for Supreme Leader to pass through Iraq

Israeli military says striking Iranian region on Caspian Sea

Middle East News

2026-03-20

Israeli military says striking Iranian region on Caspian Sea

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Ali al-Taher hills: Between military confrontation and surrender scenario

1

Ali al-Taher hills: Between military confrontation and surrender scenario

Lebanon Cabinet approves fees on waste-generating products despite ministerial objections

2

Lebanon Cabinet approves fees on waste-generating products despite ministerial objections

A new force for Lebanon's south? The debate over who will monitor the next phase after UNIFIL

3

A new force for Lebanon's south? The debate over who will monitor the next phase after UNIFIL

Explosion rocks ammunition factory near Rome

4

Explosion rocks ammunition factory near Rome

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

5

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

Israel sends troops to settler siege as US ambassador slams 'act of terror'

6

Israel sends troops to settler siege as US ambassador slams 'act of terror'

Etna eruption extends closure of Sicily's Catania airport until Saturday

7

Etna eruption extends closure of Sicily's Catania airport until Saturday

Houthis claim drone strike on Saudi refinery: Affiliated media

8

Houthis claim drone strike on Saudi refinery: Affiliated media

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More