IMF / Middle East and Central Asia Department’s Regional Economic Outlook

ID

614194

SHOOT DATE

27 Apr 2022

SHOOT LOCATION

Washington, DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF / Middle East and Central Asia Department’s Regional Economic Outlook
SHOTLIST
RECENT - WASHINGTON DC
1. Wide shot, IMF building Exterior
2. Wide shot, IMF Spring Meetings signage
3. Wide shot, Jihad Azour speaking in studio
27 April 2022, WASHINGTON DC
4. SOUNDBITE (English) Jihad Azour, Director of the Middle East and Central Asia Department, IMF
““Last year, the Middle East and Central Asia experienced a better-than-expected recovery, a result of strong domestic demand, with real GDP growth revised at 5.8 percent in the Middle East and North Africa and to 5.6 percent in the Caucasus and Central Asia. However, inflation also surged and remains elevated. This has reduced countries’ monetary policy space when fiscal policy was already constrained with higher post-pandemic public debt,”
5. Wide Shot, journalist speaking
6. SOUNDBITE (English) Jihad Azour, Director of the Middle East and Central Asia Department, IMF
“We project real GDP growth in the MENA region at 5 percent in 2022. While this is a 0.9 percentage point upgrade from October, this forecast masks significant differences across countries, with oil exporters upgraded due to higher energy prices and production in line with the OPEC+ agreement, and most emerging market and middle-income countries and low-income countries downgraded. In the CCA region, real GDP is projected to grow by 2.6 percent in 2022, a 1.5 percentage point downgrade from October, which reflects the profound impact of the war in Ukraine on the countries in this region,”
7. Wide shot, journalist speaking
8. SOUNDBITE (English) Jihad Azour, Director of the Middle East and Central Asia Department, IMF
“The IMF continues to work closely with the region, providing policy advice and technical support, as well as $20 billion in financing to the Middle East and Central Asia region since the beginning of the pandemic. The Fund has also allocated $49.3 billion of Special Drawing Rights to supplement the region’s reserve assets, which will help countries cope with policy tradeoffs. The IMF’s recently approved Resilience and Sustainability Trust, which will help steer resources to countries that need them most, could also help in this effort,”
Recent – Washington, DC
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