Seven countries in the Middle East and North Africa (MENA) region --Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya (MENA 7)--are facing similar economic problems: i) volatile growth that has remained significantly below potential; ii) limited fiscal space resulting from rising budget deficits, public debt and declining foreign reserves that have reduced savings available for public and private investment; and iii) a weak private sector that is far from becoming a driver of growth and creator of jobs.
Unemployment rates in Egypt, Iran, Jordan, Lebanon, Libya, Tunisia and Yemen (the MENA 7) have remained stubbornly high, particularly among youth (15–24 years) with an average rate of 22 percent for young males and 39 percent for young females. Some estimates show that the youth unemployment rate is as high as 40 percent in Tunisia and even higher in the inland governorates
Zeid Bin Haritha is a school in the Jordanian village of Yarqa. In this school, you’ll witness tiny overcrowded classrooms, old broken furniture and over-worked teachers. These are characteristics common across a number of schools in the Governorate of Al-Salt. But, wait! This is not a tragic story filled with heart breaking tales of under resourced schools and low achieving students…..
The answer is a conditional ‘Yes’, depending on whether they can accelerate the pace of the structural reforms needed to boost growth in Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya. A new report from the World Bank, “Predictions, Perceptions and Economic Reality - Challenges of Seven Middle East and North Africa Countries Described in 14 Charts,” finds that, despite recent signs of economic improvement in Egypt and Tunisia, growth continues to be weak and insufficient to reduce unemployment.
In Tunis this month, the Arab Regional Agenda for Improving Education Quality (ARAIEQ) held its second annual meetings of representatives from institutions from across the region. The idea for this network is simple enough: Arab countries face a now well-recognized challenge—the need to improve the quality and relevance of their education systems. It therefore stands to reason that they should share solutions. They met to review the progress made in the past year and discuss how to work more closely together in the future. What have they accomplished?
There were more than 7 billion people on earth in 2013. While this is the highest number ever, the population growth rate has been steadily declining, in part due to declining fertility rates. Tomorrow, Friday, July 11, is World Population Day, and in this spirit, I'd like to talk about a key component of population growth: fertility rates.
The Global Environment Facility (GEF) is an independent funding mechanism with its own review and approval process. It partners with a number of institutions, including the World Bank, to prepare, supervise and implement its grants to developing countries.
Small and medium-size enterprises (SMEs) are becoming more of a priority for policymakers in the Middle East and North Africa (MENA). Seen as the driving force of many MENA economies, they help stimulate economic growth and encourage innovation and competition. They also play a huge role in creating more jobs in countries where these are urgently needed.