IMF
At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT
FDI inflow reached 2.4 percent of Saudi Arabia's GDP in 2023
Globally, growth is expected to remain stable but lackluster, with projections of 3.2 percent for both 2024 and 2025
Egypt's economic growth to increase to around 5.5 percent as structural reforms to strengthen the business climate pay off
The country’s annual urban consumer price inflation slid to 25.7 percent in July from 26.5 percent in June
Egypt's inflation rate has declined for the last five months after reaching a record high of 38 percent in September 2023
Before the March reforms, the pound was officially pegged at 30.85 to the U.S. dollar, but traded as low as 74 on the black market
Expenditure amounted to $61.25 billion, with a budget deficit of 3.6 percent
Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities
The decision follows a positive economic assessment since the program's launch in December 2022
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
