IMF: Arab Spring countries on the edge of the abyss

Wednesday, January 1st, 2014 - 07:18 GMT

Warned the deputy head of the International Monetary Fund Zhu Min of the collapse of the financial situation in the countries of the Arab Spring.

And Min Zhu said in an interview with the London-based newspaper Asharq al-Awsat published on Tuesday he was at the level of the Arab Spring, the financial situation is very serious and needs not only to the first aid treatment, but does not occur until the full economic and financial collapses.

He said: "There is an urgent need for reforms and perhaps change some of the economic policies currently in force in that country, and these reforms restructuring necessary to accommodate new developments and internal and external variables that result in saving many jobs and stimulate the labor market and promotion of growth in it and in the public and private sectors."

In addition, expect Vice President of the International Monetary Fund improved the performance of the global economy in 2014, slightly, compared to what it was in 2013, slightly exceeding the limits of the 3.3%, believing that this modest growth as well.

Said Min Zhu, deputy head of the IMF, "the world is still within the circle of the financial crisis, and growth is slow in the economic sectors associated with the roots of the problem of all, and that the financial sector is uncertain of his poise, in light of the high level of debt, especially in the countries of the euro zone."

- See more at: http://translate.googleusercontent.com/translate_c?depth=2&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.alalam.ir/news/1550243&usg=ALkJrhjp_PncxZ5K8CZTcMTNB3288Y6fLQ#sthash.eo69NjyP.dpuf