IslamicFinance.de

World Bank and IMF annual meetings began in Washington. IMF Managing Director Christine Lagardes opening remarks addressed inclusive growth for the MENA region. The growth is projected to average 4.2 percent in 2015, up from 3.5 percent this year. The World Bank adds though, that violent conflicts in the region in countries such as Syria, Iraq, Gaza, Yemen and Libya, as well as their effects into neighboring countries like Lebanon and Jordan, were seriously hampering regional growth. The region is said to thus have “great potential”.