"It has been a great pleasure to be here in
"I also had the privilege of participating in the regional conference, which provided an opportunity for candid dialogue with an impressive group of the Arab world's top policymakers, academics, civil society organizations and youth on issues that touch the lives of the citizens of this dynamic region.
"At the conference, I was impressed by the liveliness and quality of discussions on the economic opportunities for the Arab countries in transition and their people. Participants from all parts of society debated policies to secure macroeconomic stability, job creation, in particular for the young, a better business climate and more transparency in both the public and private sectors. We concluded that, while every country faces different challenges, a key policy priority is to tackle unemployment, especially among the young.
"In order to re-orient expenditure towards public investment and other priority areas including health, education, and targeted safety nets, public finances-need to be strengthened including reducing deficit. It will be equally important to improve business climates, and strengthen transparency and governance. Successful reform implementation will require a participatory approach involving all sectors of society, and anchoring reforms in compelling, shared visions about the countries' futures. External partners are called upon to help with advice, financing, and capacity building.
"On a personal level, I was particularly moved by my visit yesterday to Za'atari refugee camp. What I saw there was both heartbreaking and energizing. Za'atari is now home to over 100,000 Syrians who fled the tragic conflict in their country. In neighboring Mafraq city, I visited the
"We are all grateful to the government of
"In my discussions with the Jordanian authorities, I listened to their views on the refugee crisis and other challenges. I expressed the IMF's support--through our ongoing Stand-By program--for the efforts that they are making in implementing their national economic reform program. We agreed that generating higher growth and more jobs is critical for
"Ongoing fiscal efforts will make more room for private sector development by returning public debt on a firm downward trend. Policies will focus on structural reforms while restoring the electricity company's financial health and implementing deep tax reform. I reiterated our commitment to continue to help
"In conclusion, I would like to express my profound appreciation to the government and people of
1 The conference "Building the Future--Jobs, Growth and Fairness in the
TNS 30BautistaJude 140513-4733356 30BautistaJude
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- The 2014 Fastest-Growing 100
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- RV Sales See Highest Increase Post Great Recession
- Report: China to Declare Qualcomm a Monopoly
- Oppression of Women Cripples Africa: Obama
- Insecticides Permeate U.S. Food, Water Supply
- Eid al-Fitr Celebrations Mark End of Ramadan
- Anarchy, Chaos Sweep Across Libya