Growth and stability in the Middle East and North Africa

by Mohamed El-Erian, Sena Eken, Susan Fennell

This paper provides an economic overview of the very diverse countries within this large geographical area. It highlights the economic challenges and opportunities facing the MENA region, the policies pursued by the countries in the region, and the outlook for the external environment. The paper concludes with eight policy recommendations.

44 pages, Paperback

Published January 1, 1996

About the author

Dr. Mohamed A. El-Erian is the CEO and co-CIO of PIMCO, a global investment management firm and one of the world’s largest bond investors with approximately US$1.2 trillion of assets under management at the end of 2010.

In his capacity as CEO, El-Erian is responsible for setting the strategic direction of the firm and leading its operations globally. As co-CIO, and together with PIMCO co-founder Bill Gross, El-Erian oversees investment policies and strategies for all of the company’s portfolio management activities. He is also a lead portfolio manager focusing on global tactical asset allocation strategies.