gulfnews : Arab world must manage transition risks: IMF chief

The Arab world is moving into the most difficult period in its history and it needs to manage the risks of transitions well in order to reap the fruits of the Arab Spring, Christine Lagarde, Managing Director, International Monetary Fund (IMF), said in a speech on Tuesday.

“We are in the middle of a delicate transition between “rejecting the past” and “defining the future”, a key psychological inflexion point,” Lagarde told audiences at the Woodrow Wilson Center.

“One year on, the region stands at a critical juncture. The transition is going through a rocky patch, and the challenges are substantial, but the light remains on. And the region, together with its international partners, must make sure that this light is never extinguished.

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