Embarking on a Path of Renewal: MENA Commission on Stabilization and Growth

In the chaotic global post-COVID-19 economy, with the ongoing war in Ukraine, the challenge of adjusting to the global stagflation that is engulfing the world is particularly hard for the oil importing countries of the Middle East and North Africa (MENA) region.

A regional commission of experts, working under the auspices of the Economic Research Forum (ERF), and the Finance for Development Lab (FDL), was asked to evaluate the macro-economic risks ahead, and to make recommendations on the best course correction to avoid them.

After an elaborate process of analysis, consultation, and deliberation, the Commission came up with four sets of recommendations, which are presented in this report.