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Wed 7 Dec 2011 11:55 AM

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Lagarde calls for lasting fiscal policies across Middle East

IMF chief says Arab Spring change must be managed to ensure benefits to wider society

Lagarde calls for lasting fiscal policies across Middle East
IMF managing director Christine Lagarde laughs while delivering remarks on development and governance in the Arab world Dec 6 (AFP/Getty Images)
Lagarde calls for lasting fiscal policies across Middle East
Lagarde said economic growth in the Middle East and North Africa must include all members of society to fulfill the promise of the Arab Spring (AFP/Getty Images)
Lagarde calls for lasting fiscal policies across Middle East
Lagarde confers with Lebanese finance minister Mohammad Safadi (R) following her speech (AFP/Getty Images)
Lagarde calls for lasting fiscal policies across Middle East
The aftermath of the Arab Spring uprisings is at a critical juncture and needs to be managed in an orderly way so change benefits everyone, Lagarde said (AFP/Getty Images)
Lagarde calls for lasting fiscal policies across Middle East
She said political change across the Middle East and North Africa faced headwinds from an economic slowdown across the oil-importing countries, which was pushing up already-high unemployment and increasing social tensions (AFP/Getty Images)
Lagarde calls for lasting fiscal policies across Middle East
Popular uprisings across the Middle East and North Africa this year have toppled veteran rulers in Tunisia, Egypt and Libya, and forced Yemen's president to sign away his powers (AFP/Getty Images)
Lagarde calls for lasting fiscal policies across Middle East
Lagarde said while governments tried to head off popular discontent by raising subsidies, wages and increasing spending, it was time to develop more lasting fiscal policies and reduce ballooning deficits (AFP/Getty Images)