The International Monetary Fund ( IMF ) announced on May 26, during the G8 summit in Deauville available to 35 million dollars (24.8 million) as loans if the Arab countries requesting financial support after the wave speed in the area.
The IMF is prepared to provide financial support to the oil-exporting countries of North Africa, which are the most financial need, according to experts of the IMF. Economists at the IMF warned that continuing the current scenario in which countries do not have a plan for reform, should support the region with $ 160 million in the period 2011 to 2013. Of this amount, most will come from international financial institutions.
They also claim that it is necessary to create 50 to 70,000,000 jobs in the region to ensure stability. They argue that it is necessary for rapid economic growth to ensure stability in the region, where unemployment is very high.
“Gradual changes will not lead to an outcome. A significant increase in the pace of economic growth is necessary, which called on politicians to maintain a favorable environment for the private sector, economists say.
They also mentioned the need to implement policies that ensure budgetary stability and inflation, a more open and conducive environment for private sector, comprehensive social protection and targeted and build effective and transparent institutions.
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