The world's greatest risks can't be confined within borders. This is clearly the case with the ongoing refugee crisis, which is unprecedented in scale and affecting people and places far from the scene of civil war, fragility and conflict. The UK vote to leave the European Union showed, in part, the volatility and reach of the impact of forced displacement.
As an irrigation agency, what do you do when demand for water is growing, food security features high on your government’s agenda, and the irrigation system you’ve been running for the past 40 years is nearing the end of its life? Your budget is also tight and what you charge for the water you’re supplying has not kept up with overall cost levels.
We worked with the Jordan Valley Authority (JVA), which falls under Jordan’s Ministry of Water and Irrigation, to see what options the JVA has to make the most of its situation.
What do middle-class dynamics in the 2000s tell us about the Arab Spring events? In modern economies, the middle class not only bolsters demand for private goods and services, but also insists on good governance and public services, such as education, health, and infrastructure. Investments in these areas improve the capacity of the economy to grow not only more rapidly, but also sustainably and inclusively. Therefore, understanding how the middle class fares in the Arab world is of crucial importance.
Two recently released World Bank reports — one on commodities and the other on remittances — lend insight into an unfolding dynamic in the world today. As oil prices dropped from more than $100 per barrel in June 2014 to as low as $27 in the last few months, the money sent home from people working abroad in oil-producing countries also fell. This drop is a major reason remittances to developing countries declined in 2015 to their lowest growth rate since the 2008-2009 financial crisis.
Young Arabs express the same concern over the rise of the Islamic State (IS) as young people do elsewhere, the annual Arab Youth Survey reveals. For the second year in a row, the “rise of” IS militants is perceived as the main problem facing the region, with four in every five young people interviewed saying they were more concerned about it than other problems. Its public appeal may have also decreased slightly, findings in the survey suggest.
I recently attended an SME Conference in Jordan around SME Finance and Employment – extremely important issues in a troubled region. All participants agree that much more needs to be done to address the lack of jobs in the region and to increase financial access at all levels, to individuals, households and small and medium scale enterprises (SMEs).
despite being a middle income region.
Only 4% of unbanked adults in the Middle East say that they don’t have an account because they don't need one. In other words, it is clear there is widespread unmet demand for financial services.
A person living in the Middle East is less likely to have a bank account than is a low-income person living in Africa or South Asia, and significantly less likely than a person living in Latin America, Eastern Europe or East Asia from comparable middle income country or region. This poses a dilemma – why?
The Middle East and North Africa region has never faced such significant stress on its ageing infrastructure like it does today, with one of the most telling being the substantial increase in the need for electricity. It is estimated that electricity demand in the MENA region will increase by 84% by 2020, requiring an additional 135 GW of generation capacity and an investment of US$450 billion. The quest for new approaches to ensure adequate and reliable supply of electricity in the region is more urgent than ever before.
Jordan’s Queen Rania and other high-ranking officials said Friday that the world needs a new approach to deal with historically high numbers of forcibly displaced people.
“This is a global crisis, and we’re deluding ourselves if we think it can be contained,” the queen said at the World Bank Group-IMF Spring Meetings, where forced displacement is a top issue on the agenda amid a refugee crisis that has spread from the Middle East into Europe over the last year.
Queen Rania said Jordan has received 1.3 million Syrian refugees over the past five years. The influx has been a “demographic shock that is exhausting our social and physical infrastructure to its absolute limits,” she said. International contributions have made up less than a third of Jordan’s expenses.
The Middle East and North Africa (MENA) is a region of extremes. It has the highest unemployment rate in the developing world, with the rate for women and young people double the average. MENA economies are among the least diversified, with the Herfindahl index—a measure of the concentration of exports in a few commodities—ranging between 0.6 and 1 for most countries. The region had the highest number of electricity cuts per month. The ratio of public- to private-sector workers is the highest in the world. While, until recently, the region had been averaging 4-5 percent GDP growth, that average masked a highly volatile growth path.
The organization Refugee Open Ware is on a mission to empower refugees by giving them access to new technologies, such as 3D-printing. “We want to raise awareness about what 3D-printing can do,” explains Loay Malahmeh, a co-founder of the Jordanian company, 3D Mena and a partner in Refugee Open Ware. “How it can not only solve real problems, but also unleash immense, untapped potential.”