Instability in the Middle East and North Africa along with high unemployment and rising food prices will hinder the region's growth, the International Monetary Fund said on Tuesday.
"The region faces serious policy challenges," the fund said in its most recent world economic outlook. "Beyond securing economic and social stability, shorter term challenges focus on the need to place public finances on a sustainable footing," the report said.
The IMF zeroed in on oil exporters such as Qatar, Iraq and Saudi Arabia, and said their governments needed to capitalize on the high oil prices and move toward sustainable and more diversified economies.
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