The International Monetary Fund (IMF) has reported an acceleration in growth in Middle Eastern and North African countries this year, despite global uncertainty and regional conflicts. According to the IMF’s latest regional report, the MENA region is forecast to experience growth of 3.3 percent in 2025 and 3.7 percent in 2026, exceeding previous projections.

Jihad Azour, IMF director for the Middle East and Central Asia, attributed the improved growth to various factors, including increased oil production in Gulf countries, which offset falling prices. Other countries in the region saw gains from rebounds in tourism, industry, or agriculture. The region’s GDP grew by 2.1 percent in 2024, indicating a positive trend.

The IMF report highlighted the resilience of the region in withstanding significant geopolitical shocks, including the war in Gaza. Neighboring countries, such as Jordan and Egypt, have also demonstrated stability. The current ceasefire in Gaza is seen as a welcome development, although its impact on the region’s economic outlook remains uncertain.

Azour emphasized that the region’s growth prospects hinge on the materialization of stability and improvement in the overall risk profile. He also stressed the need for reconstruction efforts in conflict-affected countries, such as Syria, Lebanon, and Yemen, which will require immense financing. The United Nations and the World Bank are expected to provide support for these efforts.

The IMF report presents a cautiously optimistic outlook for the MENA region, citing the diversity of growth drivers across countries. As the region navigates ongoing challenges, the international community will be watching for signs of sustained economic growth and stability. The IMF’s forecast underscores the importance of continued support for reconstruction and development efforts in the region.