The new coronavirus continued its spread across some of the most-vulnerable nations of the Mideast on Tuesday as the International Monetary Fund warned that a lack of medical supplies in Iraq, Sudan and Yemen could lead to a surge in prices.
There are some 30,000 confirmed cases of the virus across the Mideast, the vast majority in the hard-hit nation of Iran. While most recover from the virus and the COVID-19 illness that it causes, bottoming crude oil prices have put additional strain on even the wealthiest countries of the region.
The IMF, which traditionally has urged governments to implement greater austerity measures, now urges Mideast governments to offer temporary tax relief and cash transfers.
Given the large numbers of people employed in the service sector, there will be wide reverberations if unemployment rises and wages and remittances fall, the IMF's director for the Middle East, Jihad Azour, said in statement.
In Egypt, tourist cancellations have reached 80%, while retail and hospitality sectors have also been hard-hit in countries like the United Arab
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