Coping with a Dual Shock: COVID-19 and Oil Prices

Name: Coping with a Dual Shock: COVID-19 and Oil Prices
Start: 2020-04-10T10:00:00-0400
End: 2020-04-10T11:30:00-0400

RSVP Required Open to the Public

A webinar with Rabah Arezki, the Chief Economist for Middle East and North Africa Region (MNA) at the World Bank and a Senior Fellow at the Middle East Initiative. Previously, Rabah Arezki was the Chief of the Commodities Unit in the Research Department at the International Monetary Fund and a non-resident fellow at the Brookings Institution. He is also an external research associate at the University of Oxford, a resource person for the African Economic Research Consortium and a research fellow at the Economic Research Forum.

Moderated by MEI Faculty Chair, Professor Tarek Masoud.

This seminar was conducted via Zoom Webinar, and live streamed on Facebook.

Date: Fri, Apr 10, 2020 Time: 10:00am - 11:30am Location: Online

In this photo released by the Lebanese Government, President Michel Aoun, center, and government ministers wear masks to help protect themselves from the coronavirus, while attending a cabinet meeting at the presidential palace in Baabda, east of Beirut.

Countries in the Middle East and North Africa face a dual shock from the COVID-19 pandemic and a collapse in oil prices. Arezki explores the policy options available to deal with such shocks, arguing that authorities should sequence and tailor their responses. MENA countries should first focus on responding to the health emergency and economic depression, postponing fiscal consolidation linked to the persistent drop in oil prices until the recovery from the pandemic is well underway.

Coping with a Dual Shock: COVID-19 and Oil Prices

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