Middle East & Central Asia News
LAST UPDATE: July 30, 2025
Pakistan: IMF puts growth below govt target
The IMF projects Pakistan’s economic growth at 3.6% for the fiscal year, under the government’s 4.2% goal.
Insight
The gap between IMF and government projections reveals ongoing fiscal challenges and the importance of structural reforms for sustainable growth.
IMF upgrades Egypt’s FY2024/25 GDP growth forecast to 4%
The IMF raised Egypt’s FY2024/25 GDP growth forecast to 4%, reflecting improved recovery momentum in recent quarters.
Insight
The upgrade suggests improving macroeconomic conditions, but maintaining this trajectory will depend on continued reforms and external support.
Georgia’s central bank keeps refinancing rate unchanged at 8%
The National Bank of Georgia maintained its key interest rate at 8%, citing stable inflation near its target range.
Insight
By keeping rates steady, the central bank signals confidence in inflation management while leaving room to support growth if needed.
Saudi Arabia and MBS are Far From Breaking Their Reliance on Oil
Despite economic diversification efforts, oil remains the dominant source of government revenue and exports for Saudi Arabia.
Insight
The country’s dependency on oil highlights the challenges in transitioning to a post-oil economy, even amid progress in non-oil sectors.
Morocco’s king calls for addressing regional inequalities
King Mohammed VI emphasized the need to reduce disparities between urban centers and underdeveloped regions, advocating investment in infrastructure and public services.
Insight
The king’s call highlights a policy pivot toward inclusive growth and balanced territorial development amid lingering social inequalities.
Sudan quartet meeting postponed after Egypt-UAE spat: diplomatic sources
A ministerial-level meeting on Sudan was delayed due to disagreements between Egypt and the UAE over transitional leadership issues.
Insight
The postponement reflects geopolitical friction among major stakeholders, potentially complicating efforts to resolve Sudan’s ongoing conflict.
Breakaway Africa Region Seeks US Recognition With Base, Minerals
Somaliland is seeking U.S. diplomatic recognition by offering access to strategic mineral reserves and a Red Sea military base.
Insight
The region’s appeal underscores its geopolitical significance and the global competition for mineral and naval positioning in Africa.
