Sri Lanka, Feb. 12 -- IMF Managing Director Kristalina Georgieva addressing the Arab Fiscal Forum

As the world continues to grapple with economic challenges, geopolitical tension, and war, the IMF urged the Arab region to plant the seeds of growth and cooperation, of peace and prosperity in the soil of fiscal space.

IMF Managing Director Kristalina Georgieva told the region that it must step up efforts and be resilient to be able to withstand shocks and keep bearing fruit.

Pointing three areas of focus, the IMF chief said the first area that needs more focus is in mobilising revenue, for which countries can expand tax capacity with stronger institutions, better-designed frameworks, and more robust revenue collection.

"Tax policy desig...