Changes in the world economy and the price of oil mean that many countries across the Arab world will need to undergo significant changes in order to survive, and those that are doing so should be praised, Christine Lagarde, the managing director of the International Monetary Fund (IMF) told CNBC.
"These countries have gone through a massive transition. Those that were exporting oil have clearly seen a big drop in their growth rates. But those economies have to transition from an oil-fed economy to a more diversified, more inclusive, reformed economy," Lagarde said at the World Government Summit in Dubai.
Some countries are ahead of the game, she described, while others are working on reforms. "But certainly we will be seeing different countries in a few years' time, given where the price of oil is likely to head."
The IMF chief named some of the countries she felt deserved recognition for their reform efforts.
"If I look at what's happening in Morocco for instance, this is very encouraging," she said. "If we look at Egypt, which has gone through a really tough time, and where the Egyptian people have shown courage, and the Egyptian leader, courage — we have seen growth up more than 5 percent."