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The Economy of the Middle East and North Africa in 1997

The Economy of the Middle East and North Africa in 1997 »

Series: Books

Author(s): Mohamed El-Erian , and Susan Fennell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 1997

DOI: http://dx.doi.org/10.5089/9781557757111.071

ISBN: 9781557757111

Keywords: oil prices, oil exporters, stock market, crude oil, natural gas

The economy of the Middle East and North Africa improved considerably in 1996, and remained favorable in 1997. This paper, by Mohamed A. El-Erian and Susan Fennell, presents an assessment of the recent experience o...

Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Fiscal Policy Formulation and Implementation in Oil-Producing Countries »

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

DOI: http://dx.doi.org/10.5089/9781589061750.071

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...

The Macroeconomics of the Arab States of the Gulf

The Macroeconomics of the Arab States of the Gulf »

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

DOI: http://dx.doi.org/10.5089/9780199683796.071

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

The economies of the Arab states of the Gulf have gone through considerable changes in the last decade, spurred by high oil prices and ambitious diversification plans. Large-scale immigration provided the labor for...

Annex I

Annex I »

Source: The Economy of the Middle East and North Africa in 1997

Series: Books

Author(s): Mohamed El-Erian , and Susan Fennell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 1997

ISBN: 9781557757111

Keywords: oil prices, oil exporters, stock market, crude oil, natural gas

MENA at a Glance Coverage. The MENA region is defined to encompass the economies of the Arab League (Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon,...

I. Introduction

I. Introduction »

Source: The Economy of the Middle East and North Africa in 1997

Series: Books

Author(s): Mohamed El-Erian , and Susan Fennell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 1997

ISBN: 9781557757111

Keywords: oil prices, oil exporters, stock market, crude oil, natural gas

The economy of the Middle East and North Africa (MENA) has continued to strengthen in 1997, notwithstanding particularly difficult situations in certain individual economies. 1 An...

II. Recent Developments in the Macroeconomy

II. Recent Developments in the Macroeconomy »

Source: The Economy of the Middle East and North Africa in 1997

Series: Books

Author(s): Mohamed El-Erian , and Susan Fennell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 1997

ISBN: 9781557757111

Keywords: oil prices, oil exporters, stock market, crude oil, natural gas

A. Overview As recognized by governments throughout the region, sustaining a high rate of growth is the primary economic challenge facing the MENA economies. This is needed to enhanc...

III. The Intensification of Structural Reforms

III. The Intensification of Structural Reforms »

Source: The Economy of the Middle East and North Africa in 1997

Series: Books

Author(s): Mohamed El-Erian , and Susan Fennell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 1997

ISBN: 9781557757111

Keywords: oil prices, oil exporters, stock market, crude oil, natural gas

A. Addressing Structural Impediments Full development of the economic potential of the region has in the past been constrained by macroeconomic instability and serious structural imp...

IV. The Next Step Forward

IV. The Next Step Forward »

Source: The Economy of the Middle East and North Africa in 1997

Series: Books

Author(s): Mohamed El-Erian , and Susan Fennell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 1997

ISBN: 9781557757111

Keywords: oil prices, oil exporters, stock market, crude oil, natural gas

Despite the improvements in economic prospects in many MENA countries outlined above, much remains to be done in terms of consolidating progress achieved and extending the benefits of macroeconomic stabiliza...

V. Conclusion

V. Conclusion »

Source: The Economy of the Middle East and North Africa in 1997

Series: Books

Author(s): Mohamed El-Erian , and Susan Fennell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 1997

ISBN: 9781557757111

Keywords: oil prices, oil exporters, stock market, crude oil, natural gas

Recent economic performance for the region as a whole has been favorable, reflecting not only positive developments in certain aspects of the external environment but, more importantly and increasingly, the...

12 Fiscal Policy and Petroleum Fund Management in Norway

12 Fiscal Policy and Petroleum Fund Management in Norway »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction One of the challenges of policymaking is to illustrate complex ideas in a way that is easy to understand. Mundane as this may seem, it really goes to the core of poli...