2017/04/18 | 01:22
(Encyclopedia of this Day News | Iraq News ) - Live: Expect the World Bank achieve oil - importing countries to perform better this year, and the high growth rate to 3.5% in 2017, compared with a rate of 2.9% in the previous year.
The World Bank said in a report released on Monday, that the overall growth rate of the region could fall due to weak economic activity in the oil-exporting countries.
The World Bank stressed the need to continue reforms as the basis for economic recovery in the Middle East and North Africa region.
The report added that the countries of the Middle East and North Africa, which has been plagued by wars and acts of violence and the decline in oil prices, will grow 2.6% for the current year compared to 3.5% in 2016, according to the report of the Economic Observatory for the Middle East and North Africa The World Bank issued on the sidelines of the meetings of the Arab Monetary Fund.
Alenkerir pointed out that it is expected that the situation improved slightly after the year 2017, driven by continuing reforms, the growth rate has more than 3% in 2018 and 2019.
The report also noted some positive indications of a recovery in countries such as Egypt, which has successfully implemented some major reforms to increase revenue and control spending, and expectations of an increase of FDI has doubled in 2017 to $ 5 billion.