Edited by Said El-Naggar, this book contains six papers presented at a seminar held in Abu Dhabi, United Arab Emirates, under the sponsorship of the Arab Monetary Fund and the IMF. The papers address the issues of adjustment and development in the Arab World, including the role of the IMF and...

The COVID-19 pandemic and the August 2020 coup d'etat have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to -2 percent in 2020 both on account of the pandemic (reflecting a slowdown in...

This staff report proposes the modification of the performance criteria for end-December 2020 for the economic program supported by the three-year Extended Credit Facility (ECF) arrangement that was approved by the Executive Board on August 28, 2019. The modifications aim to accommodate the...