Abu Dhabi, UAEMonday 25 May 2020

Business Extra: IMF's Jihad Azour on 'saving lives, the economy and what to do when we exit the coronavirus crisis'

The International Monetary Fund officials says the outlook for 2020 in the Middle East and North Africa is grim amid the pandemic but there is also a risk of missing the recovery if we are not prepared

From Tehran to Tangiers, there is a devastating toll on human health. Some 140,000 people across the region have been infected with the coronavirus, thousands have died and thankfully tens of thousands have recovered.

Meanwhile, the pandemic is causing significant economic turmoil in the region through the twin shocks of disruption to trade and production and plummeting oil prices.

The International Monetary Fund says the priority is to save lives as the Middle East and North Africa region face the toughest fight in 100 years.

What does the rest of 2020 look like for the region?

Mustafa Alrawi, assistant editor in chief and future editor Kelsey Warner are joined by Jihad Azour, the IMF's director for the Middle East and Central Asia and a former finance minister of Lebanon.

In this episode:

Mustafa and Kelsey on economy (0m 42s)

IMF's Jihad Azour on outlook and response (2m 05s)

Headlines (22m 54s)

Read more on our website:

Middle East's coronavirus fight is biggest challenge 'in the last 100 years', IMF's Jihad Azour says

Middle East and Central Asia acted fast to support economies in face of twin shocks, IMF says

JPMorgan Chase to tighten mortgage borrowing standards as economic outlook weakens

Oman's Taageer Finance and Sohar disclose 4.67m rial exposure to NMC

Communication changes during pandemic will shape the future, du CEO says

Updated: April 15, 2020 02:34 PM

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