July 2019 Extension: the Middle East and North Africa

The classification has now been extended to the MENA region, defined here to cover Iran, Turkey and 17 Arab countries. The list includes four that were previously included as emerging economies: Egypt, Jordan, Morocco and Turkey. One small classification change has been made for Jordan (1996-2000, identified previously as full exchange rate targeting but now as loose exchange rate targeting), there is a corresponding change to the country details text for Jordan, and there is a small change to the country details text for Turkey, 1989-2002. These changes have been applied under the emerging economies as well.