Download or read book Middle East and North Africa Quarterly Economic Brief January 2014 written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 2014-06-28 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ongoing regional tensions, together with a challenging (albeit slightly improving) external environment, have hit the economies of the Middle East and North Africa (MENA) region hard. Economic growth is slowing, fiscal buffers are depleting, unemployment is rising, and inflation is mounting in seven of the region’s most vulnerable economies-- Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya. Short-term policy actions such as increasing public sector wages and subsidies—aimed at reducing social tensions--exacerbate the situation, which is driven by long-standing structural weaknesses, including labor market rigidities, complicated and opaque regulations, infrastructure deficiencies, regressive and inefficient subsidies, and inadequate social safety nets. While these countries face an unstable political and macroeconomic environment, the growth slowdown after the Arab Spring creates a unique opportunity to address these structural problems to both create fiscal space and restructure the economy towards job creation and inclusive growth.
Download or read book Middle East and North Africa Quarterly Economic Brief January 2014 written by and published by . This book was released on 2014 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book MENA Quarterly Economic Brief July 2014 written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 2014-08-06 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue of the Quarterly Economic Brief looks at the actual growth performance of these countries and highlights the limitations of forecasting in the wake of the 2011 uprisings, at the consequences of the growth slowdown, including unemployment, where perceptions may diverge from reality. The story is told in fourteen charts.
Download or read book MENA Quarterly Economic Brief January 2016 written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 2016-01-29 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue of the World Bank MENA Quarterly Economic Brief expects growth in the Middle East and North Africa to fall to 2.6 percent in 2015, from 2.8 percent predicted in October. The short term outlook remains “cautiously pessimistic†?. The poor performance of several MENA economies and their dim prospects for the future are mainly driven by the civil wars that have created death, destruction and significant growth shortfalls in both conflict countries and their neighbors. This report examines the different ways in which civil wars affect the economies of the region, including the important channel of forced displacement, which has become a crisis. Moreover, we explore how economic fortunes will turn around if there is peace. The report concludes that under peace settlement, a permanent transition from non democracy to democracy could improve economic growth significantly in the long run.
Download or read book Middle East and North Africa Quarterly Economic Brief January 2015 written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 2015-01-31 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the three months since most observers, including the World Bank, issued their last forecasts, the Middle East and North Africa (MENA) Region has changed substantially. Political tensions have eased somewhat with presidential and legislative elections completed in a few countries. Egypt’s cabinet approved the electoral constituencies’ law, the last step before calling for the House of Representatives elections, the final milestone in the political roadmap initiated in July 2013. Presidential elections were held in Tunisia, with Beji Caid Essebsi sworn in as the new president in December. Iran’s nuclear talks with the P5+1 were extended for 6 months--while bilateral talks continue—with the aim of reaching a deal in July 2015. In Iraq, the government and the Kurdish region reached an agreement in December resolving a longstanding dispute over the budget and distribution of oil revenues. Meanwhile, Lebanon, Yemen and Libya still struggle to maintain a functional government. The global economy is estimated to have expanded by 2.6 percent (q/q annualized rate), better than the second quarter of 2014, but unchanged from the slow pace seen in 2012 and 2013. But the most important development is that international oil prices have literally collapsed, reaching a level below $50 per barrel (Brent crude) in early January, a drop of 50 percent since their peak in mid-June 2014.
Download or read book Middle East and North Africa Quarterly Economic Brief January 2015 written by and published by . This book was released on 2015 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the three months since most observers, including the World Bank, issued their last forecasts, the Middle East and North Africa (MENA) Region has changed substantially. Political tensions have eased somewhat with presidential and legislative elections completed in a few countries. Egypt's cabinet approved the electoral constituencies' law, the last step before calling for the House of Representatives elections, the final milestone in the political roadmap initiated in July 2013. Presidential elections were held in Tunisia, with Beji Caid Essebsi sworn in as the new president in December. Iran's nuclear talks with the P5+1 were extended for 6 months--while bilateral talks continueâ€" with the aim of reaching a deal in July 2015. In Iraq, the government and the Kurdish region reached an agreement in December resolving a longstanding dispute over the budget and distribution of oil revenues. Meanwhile, Lebanon, Yemen and Libya still struggle to maintain a functional government. The global economy is estimated to have expanded by 2.6 percent (q/q annualized rate), better than the second quarter of 2014, but unchanged from the slow pace seen in 2012 and 2013. But the most important development is that international oil prices have literally collapsed, reaching a level below
Download or read book MENA Quarterly Economic Brief July 2014 written by and published by . This book was released on 2014 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue of the Quarterly Economic Brief looks at the actual growth performance of these countries and highlights the limitations of forecasting in the wake of the 2011 uprisings, at the consequences of the growth slowdown, including unemployment, where perceptions may diverge from reality. The story is told in fourteen charts.
Download or read book MENA Quarterly Economic Brief January 2016 written by Shantayanan Devarajan and published by . This book was released on 2016 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The July 2015 nuclear deal between Iran and Permanent Members of the UN Security Council and Germany (P5+1), with the attendant lifting of sanctions on Iran, will have significant consequences for the global, regional and national economies. First, Iran's return to the oil market, coupled with increased production from Libya (should the conflict subside) will keep world oil prices low. Secondly, once sanctions and restrictions on financial transactions are relaxed, Iran's trade, which had both declined in absolute terms and shifted away from Europe towards Asia and the Middle East, is likely to pick up. Thirdly, the Iranian economy, which has been in recession for the past two years, will receive a major boost from increased oil revenues--conservatively estimated at about USD 15 billion in the first year--and lower trade costs. This issue of the MENA Quarterly Economic Brief (QEB) traces these effects on the world oil market, on Iran's trading partners, and on the Iranian economy.
Download or read book Subsidy Reform in the Middle East and North Africa written by Mr.Carlo A. Sdralevich and published by International Monetary Fund. This book was released on 2014-07-09 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms.
Download or read book Challenges of Growth and Globalization in the Middle East and North Africa written by Mr.Hamid R Davoodi and published by International Monetary Fund. This book was released on 2003-09-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
Download or read book Middle East and North Africa Quarterly Economic Brief July 2013 written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 2014-06-28 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the focus has been on the recent change in government in Egypt, five countries in the Middle East and North Africa Region, including Egypt, Tunisia, Lebanon, Jordan and Iran are facing a growth slowdown, rising fiscal deficits and debt, and high unemployment and inflation. Continued political turmoil in Egypt and spillovers from the civil war in Syria to Jordan and Lebanon threaten to make their economic situation worse. While easing political tensions in Tunisia and post-election improvements in Iran’s international relations may help these countries, the overall macroeconomic outlook in all five countries for the rest of 2013 is grim.
Download or read book 2017 Near East and North Africa Regional Overview of Food Security and Nutrition written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2018-04-17 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2017 Near East and North Africa (NENA) edition of the Regional Overview of Food Security and Nutrition comes under the theme of “building resilience for food security and nutrition in times of conflict and crisis”. The report establishes a baseline against which to measure future progress towards achieving SDG 2 on ending hunger, food insecurity and malnutrition in NENA by monitoring the latest indicators for the SDG targets on hunger and food insecurity (SDG Target 2.1) and malnutrition (SDG Target 2.2). Beyond numbers, the report focuses on the fundamental factors that have driven improvements in food security and malnutrition: poverty reduction, economic growth, improvements in maternal and childhood nutrition and public health, increases in the quantity and quality of the food supply and cessation of violence. Moreover, the report brings into sharp focus the issue of conflict, which is the major driver of food insecurity in the NENA region. Food security in the NENA region is fast deteriorating, driven by conflict and leading to a widening gap in well-being between conflict and non-conflict countries. Conflicts have long-lasting impacts on the food security and nutrition of both affected and surrounding countries in the region. Not only is food security deteriorating in the conflict and spill over countries, but the high costs of perpetrating, containing, preventing and dealing with the consequences of violence undermine their ability to mitigate the decline in living standards.
Download or read book Water Scarcity Climate Change and Conflict in the Middle East written by Christopher Ward and published by Bloomsbury Publishing. This book was released on 2017-06-30 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries that make up the MENA region display wide diversity. One of the poorest countries in the world sits alongside two of the wealthiest, whilst the region's natural resources range from immeasurable oil and gas reserves to some of the scantiest natural endowments anywhere in the world. Yet through this diversity runs a common thread: water scarcity. Now, through the impact of human development and climate change, the water resource itself is changing,bringing new risks and increasing the vulnerability of all those dependent on water. Chris Ward and Sandra Ruckstuhl assess the increased challenges now facing the countries of the region, placing particular emphasis on water scarcity and the resultant risks to livelihoods, food security and the environment. They evaluate the risks and reality of climate change in the region, and offer an assessment of the vulnerability of agriculture and livelihoods. In a final section, they explore the options for responding to the new challenges, including policy, institutional, economic and technical measures.
Download or read book Middle East and North Africa Economic Monitor April 2015 written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 2015-04-14 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers.
Download or read book Middle East and North Africa Economic Monitor April 2016 written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 2016-04-11 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The short term economic outlook for the Middle East and North Africa (MENA) region remains “cautiously pessimistic†?. A combination of civil wars and refugee inflows, terrorist attacks, cheap oil, and subdued global economic recovery is expected to keep average growth in the MENA region around 3 percent in 2016, for the fourth year in a row. Furthermore, the humanitarian and economic situation in the war torn countries keep deteriorating. In this report we will explore ways in which a strategy of reconstruction of Syria—the most war-ravaged country in the region—could help foster a sustainable peace. This report argues that the impact of the civil war on the Syrian society will be persistent, and the challenges facing the country need to be addressed now. The report calls for the international community to be the guarantor of an inclusive reconstruction strategy that not only makes peace sustainable tomorrow, but makes it happen today: peace and reconstruction are two sides of the same coin.
Download or read book North Africa in Transition written by Ben Fishman and published by Routledge. This book was released on 2018-10-16 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first comprehensive examination of North Africa’s political, security, and economic developments since the 2011 Arab Uprisings shook the Middle East. North Africa in Transition examines how the people and governments of North Africa have responded to the Arab uprisings that shook the region’s politics in 2011. With individual chapters detailing key developments in Algeria, Libya, Morocco, and Tunisia, the authors bring together a wide range of expertise to assess how a previously under-explored and politically static region underwent bursts or energy, protests, and war. Two of the regimes were completely transformed and two adapted to survive. Of interest to North Africa specialists and scholars of democratic transitions, North Africa in Transition unravels the story of what has changed since 2011 and what security, political, and economic reforms are required to ensure progress and stability. The book argues that without the persistent and comprehensive development of key government institutions focused on creating jobs and providing security, the region risks future protests, terrorism or even revolution.
Download or read book The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa written by Mr.Bjoern Rother and published by International Monetary Fund. This book was released on 2016-09-16 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The region now faces unprecedented challenges, including the emergence of violent non-state actors, significant destruction, and a refugee crisis bigger than any since World War II. This paper raises awareness of the economic costs of conflicts on the countries directly involved and on their neighbors. It argues that appropriate macroeconomic policies can help mitigate the impact of conflicts in the short term, and that fostering higher and more inclusive growth can help address some of the root causes of conflicts over the long term. The paper also highlights the crucial role of external partners, including the IMF, in helping MENA countries tackle these challenges.
