Macroeconomics and Fiscal Management

The list of challenging issues that led to the Arab Spring are now well known and will need to be overcome to meet the aspirations of the people of the region. These range from governance,…

The Egyptian election brought a modest gain to the Stock Exchange.  The EGX30 is up 6 percent since before elections in November and the broader EGX100 is up 1 percent.  This suggests that the…

Tunisia demonstrated one year ago that citizens' voice matters. Accountability is a must.  Government legitimacy is key. Starting from Tunisia, a wave of revolutions now commonly referred to…

Before the holidays, World Bank staff was treated – and I mean treated in its true and exquisite sense – to two fascinating speakers and groundbreaking books, both explaining underlying reasons…

High unemployment rates in the Middle East and North Africa (MENA) are well known. What is less well known is that high unemployment characterizes all Mediterranean countries. Using the most…