©1997 International Monetary Fund

November 1997

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The Economy of the Middle East and
North Africa in 1997
Mohamed A. Al-Erian and Susan Fennell
Middle Eastern Department, International Monetary Fund

Part 1 (pdf file 851k)       Part 2 (pdf file 611k)
Part 3 (pdf file 784k)       Part 4 (pdf file 820k)

Contents

Acknowledgments

Executive Summary

  1. Introduction
  2. Recent Developments in the Macroeconomy
  3. The Intensification of Structural Reforms
  4. The Next Step Forward
  5. Conclusion
Annexes
  1. MENA at a Glance
  2. Economic Developments in the GCC Economies
  3. GCC Oil and Natural Gas
References

Recent IMF Publications on the Middle East and North Africa Region (1994–97)