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International Monetary Fund. Middle East and Central Asia Dept.

Abstract

The conflict in Gaza and Israel is yet another shock to the Middle East and North Africa (MENA) region. It is causing immense human suffering and exacerbating an already challenging environment for neighboring economies and beyond. This Update covers economies in the MENA region and does not discuss developments in Israel. It discusses the updated outlook for the region, risks, and policy recommendations.

International Monetary Fund. Middle East and Central Asia Dept.

Abstract

يمثل الصراع في غزة وإسرائيل صدمة إضافية لمنطقة الشرق الأوسط وشمال افريقيا، إذ يتسبب في معاناة إنسانية هائلة، ويفاقم البيئة الحافلة بالتحديات التي تشهدها بالفعل الاقتصادات المجاورة وما وراءها. ويغطي هذا التقرير اقتصادات الشرق الأوسط وشمال إفريقيا، دون أن يتطرق إلى تطورات الوضع في إسرائيل. ويناقش المستجدات حول آفاق المنطقة والمخاطر والسياسات الموصى بها.

Joshua Aslett, Frank Van Driessche, Mr. Robert Kokoli, John Middleton, and Mohammad Al-Said
This summary provides an overview of guidance provided to Lebanon’s Ministry of Finance, its VAT and Revenue Directorates, and the Lebanese Customs Administration. Building on prior IMF advice, it conveys an urgent need for intervention to address loss of staff and a risk of failure with key IT operations in the respective agencies. Separately, the accompanying technical assistance report provides confirmation of broader reform and capacity development priorities for the next 36 months.