The MENA Region and the Crises : An Interview with MNA Vice-President Shamshad Akhtar
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Washington, DC
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To Middle East and North Africa (MENA)
is a fascinating landscape. It is regrettable that the
region is often in the headlines for all the wrong reasons.
It's perceived as a place of endless conflict, where
people live in fear and private investors shy away, some say
the region is a closed society and is not open to
integration etc. On the contrary, the MENA is a region of
real economic, social and cultural achievements, both
historically and in present times. The region has great
potential that is being now unleashed and holds promise for
a great future. As the World Bank Group, work closely with
partners including all countries and regional institutions
to assist in mitigating crisis and its impacts, while
encouraging broadening and deepening of economic reforms to
create productive jobs, and make the region more
entrepreneurial and quick to seize opportunities in the
regional and global economy. In conclusion, let me repeat
that the MENA region has weathered the triple crisis well so
far, but the crisis presents an immediate danger of rising
unemployment and a resurgence of poverty, and highlights the
urgency of deepening the structural reforms needed to
address MENA's critical long term development
challenges, namely the creation of productive private sector
jobs for a growing labor force and the management of scarce
common resources, especially water.
Palabras clave
CLIENT COUNTRIES, COMMODITIES, COMMODITY, COMMODITY PRICES, DEVELOPING COUNTRIES, DEVELOPMENT FINANCE, DIVERSIFICATION, ECONOMIC GROWTH, ECONOMIC REFORMS, ECONOMIC SLOWDOWN, EMPLOYABILITY, EQUITIES, EXPOSURE, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL MARKETS, FINANCIAL SECTORS, GLOBAL ECONOMY, GLOBAL EQUITIES, GLOBAL FINANCIAL CENTERS, HIGH POPULATION GROWTH, INCOME, INFLATION, INFRASTRUCTURE DEVELOPMENT, INVESTMENT CLIMATE, INVESTMENT REGIME, JOBS, LABOR FORCE, LABOR MARKET, LABOR SUPPLY, LEVEL OF POVERTY, MACROECONOMIC CONDITIONS, MACROECONOMIC POLICIES, MICROFINANCE, MONETARY POLICY, NUMBER OF PEOPLE, OIL PRICES, POOR FAMILIES, PORTFOLIO, POVERTY LINE, PREVIOUS ONES, PRIVATE INVESTORS, PRIVATE SECTOR, PRIVATE SECTOR ACTIVITY, PRIVATE SECTOR JOBS, REDUCTION OF POVERTY, REGIONAL ECONOMIC INTEGRATION, REGIONAL INSTITUTIONS, REGIONAL INTEGRATION, REMITTANCES, RISING UNEMPLOYMENT, SAFETY NETS, SKILL DEVELOPMENT, SOCIAL SAFETY NETS, STOCK MARKETS, VULNERABILITY, VULNERABLE PEOPLE