News Column

IMF Official: "Tackling Youth Unemployment Key Policy Priority in Middle East"

May 18, 2014

AMMAN, May 13, 2014 – (WAFA) –Addressing youth unemployment is a top priority on policy level despite the different challenges confronting each country in the Middle East and North Africa (MENA) region, stated Monday Managing Director of the International Monetary Fund (IMF) Christine Lagarde in a press release.



Lagarde made this statement at the end of "Building the Future-Jobs, Growth and Fairness in the Arab World"; a high-level regional conference co-hosted by the IMF, the Government of Jordan and the Arab Fund for Economic and Social Development.



She also stated that the conference "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."



"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."



The conference "Building the Future—Jobs, Growth and Fairness in the Arab World", held in Amman, Jordan May 11–12, 2014, brought together some 300 participants, including senior policy makers from the Arab world, leading members of the private sector, civil society representatives, academia, media, as well as experts and donors from outside the region.




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Source: Palestine News Agency (WAFA)