The International Monetary Fund, IMF has called for bold economic policy reforms to achieve economic stability and generate job-creating growth in the Arab world. In its latest report "Towards New Horizons-Arab Economic Transformation Amid Political Transitions," IMF says that the near-term outlook continues to be challenging and priority for the coming year is maintaining economic stability. The report examines the economies of Egypt, Jordan, Morocco, Yemen, Tunisia, and Libya. IMF Managing Director Christine Lagarde noted that economic growth is still too low and the jobs created are far too few to meet the aspirations of the people. She said that the priority now is to launch ambitious reforms to raise growth and make a dent in the countries' high rates of unemployment, especially among youth. According to the study, unless strong economic and financial reforms are implemented, recovery will be insufficient to reduce the region's high rates of unemployment in a meaningful way, particularly among the women and youth. The study recommends focusing on three medium-term policy priorities for Arab Countries in Transition. These include creating more jobs in the near term, reducing vulnerabilities to safeguard economic stability, and setting in motion reforms to generate higher and more inclusive growth in coming years. The report goes on to state that a strong economic reform agenda will be essential for propelling private sector activity and fostering a more dynamic, competitive, innovation-driven, and inclusive economy. The study affirms that stepped-up support from the international community will also be critical, through increased financing, better access for the ACT's exports to advanced economies' markets, and broader policy advice and capacity-building.