WASHINGTON (Reuters) – The changes that have swept across the Arab world could usher in a new era of economic growth after years of inequality and joblessness, economists say, if leaders can resist pressure from the very protesters whose rage has reshaped the region.
“The problem is how do you in short run satisfy the economic demands of the people who were in the streets protesting?” said Mohsin Khan, the International Monetary Fund’s former director for the Middle East who is now a senior fellow at the Peterson Institute for International Economics.
WASHINGTON, April 14 (Reuters) – Finance ministers from the
United States, Europe and other leading economies on Thursday
said they were prepared to back assistance to Arab nations that
would support good governance and broad-based economic growth.
The joint statement, issued by the United States and
France, followed a meeting called to discuss the political
unrest that has swept the Middle East and North Africa. The
meeting included development lenders.
WASHINGTON (Reuters) – Developing nations warned the IMF on Thursday against imposing new rules dictating how they manage capital rushing into their economies, suggesting rich nations take a hard look at their own policies instead.
The G24 group of developing nations, in a communique issued ahead of the International Monetary Fund and World Bank’s spring meetings, said efforts by advanced nations to stem recession with loose monetary policy had fueled commodity speculation and capital flows into the developing world.
WASHINGTON, April 13 (Reuters) – The United States may have
to scrap some military missions and trim troop levels if
President Barack Obama sticks with his goal of saving $400
billion on security spending over a 10-year period, the
Pentagon said on Wednesday.
Arms makers’ shares sold off after Obama made a speech on
the budget deficit in which he called, in effect, for holding
growth in the Pentagon’s core budget, excluding war costs,
below inflation through 2023, starting in fiscal 2013.
WASHINGTON (Reuters) – U.S. fighter jets have continued to attack Libyan leader Muammar Gaddafi’s air defenses even after NATO took over command of Libya operations earlier this month, the Pentagon said on Wednesday.
The disclosure came as Libyan rebels are struggling to gain ground from Gaddafi’s forces and NATO allies are squabbling publicly over stepping up air strikes to help topple him.
BAGHDAD (Reuters) – Months before the United States is due to complete its withdrawal from Iraq, Washington is stepping up pressure on Iraqi leaders to decide whether U.S. troops should stay to help fend off a still-potent insurgency.
Defense Secretary Robert Gates, speaking ahead of meetings with Prime Minister Nuri al-Maliki and other Iraqi leaders during a visit to Baghdad, said the United States would be willing to consider extending the U.S. military presence in Iraq beyond the end of this year.
RIYADH (Reuters) – Defense Secretary Robert Gates visited Saudi Arabia, the world’s top oil exporter and a major buyer of U.S. arms, on Wednesday to reaffirm U.S. support for a country that is a regional anchor of U.S. security policy.
Pentagon press secretary Geoff Morrell said Gates would discuss unrest sweeping the region with the elderly King Abdullah during his brief visit to the Gulf kingdom, the latest in a series of visits to Middle Eastern nations in recent weeks.
RIYADH, April 6 (Reuters) – U.S. Defense Secretary Robert
Gates visited Saudi Arabia, the world’s top oil exporter and a
major buyer of U.S. arms, on Wednesday to reaffirm U.S. support
for a country that is a regional anchor of U.S. security policy.
Pentagon press secretary Geoff Morrell said Gates would
discuss unrest sweeping the region with the elderly King
Abdullah during his brief visit to the Gulf kingdom, the latest
in a series of visits to Middle Eastern nations in recent weeks.
WASHINGTON (Reuters) – Libyan leader Muammar Gaddafi is not close to a military breaking point despite nearly two weeks of coalition strikes that have degraded his fighting power, the top U.S. military officer told Congress on Thursday.
The comments by Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, came amid concerns in Washington that the United States might deepen its involvement in Libya, where poorly organized rebels are struggling against better armed loyalist forces.
WASHINGTON (Reuters) – Intelligence on the rebel forces battling Libyan leader Muammar Gaddafi has shown “flickers” of al Qaeda or Hezbollah presence but there is still no detailed picture of the emerging opposition, NATO’s top operations commander said on Tuesday.
“We are examining very closely the content, composition, the personalities, who are the leaders of these opposition forces,” Admiral James Stavridis, NATO’s supreme allied commander for Europe and also commander of U.S. European Command, said during testimony at the U.S. Senate.