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Learning to Live with Cheaper Oil: Policy Adjustment in MENA and CCA Oil-Exporting Countries

Author

Listed:
  • Mr. Martin Sommer
  • Mr. Allan G Auclair
  • Mr. Armand P Fouejieu
  • Ms. Inutu Lukonga
  • Mr. Saad N Quayyum
  • Amir Sadeghi
  • Mr. Gazi H Shbaikat
  • Mr. Andrew J Tiffin
  • Mr. Bruno Versailles

Abstract

This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks.

Suggested Citation

  • Mr. Martin Sommer & Mr. Allan G Auclair & Mr. Armand P Fouejieu & Ms. Inutu Lukonga & Mr. Saad N Quayyum & Amir Sadeghi & Mr. Gazi H Shbaikat & Mr. Andrew J Tiffin & Mr. Bruno Versailles, 2016. "Learning to Live with Cheaper Oil: Policy Adjustment in MENA and CCA Oil-Exporting Countries," IMF Departmental Papers / Policy Papers 2016/008, International Monetary Fund.
    • Handle: RePEc:imf:imfdps:2016/008
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    Citations

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    Cited by:

    1. World Bank Group, 2018. "Commodity Markets Outlook, April 2018," World Bank Publications - Books, The World Bank Group, number 29721.
    2. Nooman Rebei & Rashid Sbia, 2021. "Transitory and permanent shocks in the global market for crude oil," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(7), pages 1047-1064, November.
    3. Stephan Barisitz & Andreas Breitenfellner, 2017. "How do resource-driven economies cope with the oil price slump? A comparative survey of ten major oil-exporting countries," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 33-53.
    4. Ryota Nakatani, 2017. "External Adjustment in a Resource-Rich Economy: The Case of Papua New Guinea," IMF Working Papers 2017/267, International Monetary Fund.
    5. Samya Beidas-Strom & Marco Lorusso, 2019. "Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK," IMF Working Papers 2019/214, International Monetary Fund.
    6. Wheeler,Collette Mari & Baffes,John & Kabundi,Alain Ntumba & Kindberg-Hanlon,Gene & Nagle,Peter Stephen Oliver & Ohnsorge,Franziska Lieselotte, 2020. "Adding Fuel to the Fire : Cheap Oil during the COVID-19 Pandemic," Policy Research Working Paper Series 9320, The World Bank.

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