“Arab Money Fund” report on the economic outlook of Arab countries.
According to Russia Today, based on a report on the website of the Arab Monetary Fund entitled “Arab Economic Outlook”, which includes the expectations of the economic performance of the Arab countries during 2023 and 2024, it is predicted that the growth rate of the economy in the Arab countries in the year 2023 will reach about 3.4 percent.
In the report of the Arab Monetary Fund, it is also predicted that in 2024 the expected economic growth rate for Arab countries will improve to about 4%, which is due to the improvement of global growth, low interest rates and the continuation of development programs.
This report indicates that the inflation rate for Arab countries is expected to decrease, except for countries facing significant inflationary pressures, and will reach 6.8% in 2023 and 6.3% in 2024.
The Arab Monetary Fund reported on the priorities of reforms in the public financial sector for the policy makers of the Arab countries over the next two years, that these priorities include revising tax rates, targeting tax exemptions according to public revenues, revising support policies and strengthening social protection networks citing It is at public expense.
In the report of this fund, it was emphasized that the most important issues and priority issues for central banks and Arab monetary institutions in the next two years are the development of monetary policy management frameworks and tools, strengthening the target range for the exchange rate, digital transformation (adopting new financial technologies) and development It will be continuous in macro-precautionary policies.
