Departmental Papers

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

ByMartin Sommer, Allan G Auclair, Armand P Fouejieu, Inutu Lukonga, Saad N Quayyum, Amir Sadeghi, Gazi H Shbaikat, Andrew J Tiffin, Bruno Versailles

June 8, 2016

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Martin Sommer, Allan G Auclair, Armand P Fouejieu, Inutu Lukonga, Saad N Quayyum, Amir Sadeghi, Gazi H Shbaikat, Andrew J Tiffin, and Bruno Versailles. "Learning to Live with Cheaper Oil: Policy Adjustment in MENA and CCA Oil-Exporting Countries", Departmental Papers 2016, 008 (2016), accessed 12/5/2025, https://doi.org/10.5089/9781513520483.087

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Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Commodities, Expenditure, Fiscal consolidation, Fiscal policy, Government debt management, Oil, Oil prices, Prices, Public financial management (PFM)

Keywords: CCA country, debt ratio, DP, DPPP, exporter, Fiscal consolidation, GCC, GCC country, Global, Government debt management, Gulf exporter, IMF staff estimate, Oil, oil exporter, oil price, Oil prices, price, U.S. dollar

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