ME conflict to slow MENAP economies: IMF

ME conflict to slow MENAP economies: IMF

The ongoing Middle East conflict is likely to create a significant economic slowdown and heightened risks across the MENAP region, IMF Resident Representative Dr Mahir Binici said at an outreach session at the Sustainable Development Policy Institute (SDPI). The outbreak of war on February 28 has triggered a severe shock, disrupting energy markets, trade routes and financial conditions, particularly around the Strait of Hormuz, he said. For oil?…

MENAP region: ME conflict may create ‘significant’ economic slowdown: IMF

ISLAMABAD: Dr Mahir Binici, Resident Representative of International Monetary Fund (IMF) in Pakistan, has said that the ongoing Middle East conflict is likely to create a significant economic slowdown and heightened risks across the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region. He was speaking at an outreach session here at Sustainable Development Policy Institute (SDPI), where he presented the IMF’s April 2026 Regional Eco…