October 2020
The COVID-19 pandemic and concurrent crash in oil prices endangered Algeria’s vulnerable macroeconomic environment.
The COVID-19 pandemic and concurrent crash in oil prices endangered Algeria’s vulnerable macroeconomic environment.
During the most recent financial year, the World Bank responded with US$5.47 billion in new commitments to help the MENA region.
World Bank MENA VP visits Algeria to reaffirm support for development priorities.
Country Director for the Maghreb and Malta
GDP growth is projected to be 0.6% in the region in 2019, a fraction of what is needed to create enough jobs for the fast-growing working-age population in the Middle East and North Africa region.
The World Bank’s biennial Poverty and Shared Prosperity report finds that the rate of extreme poverty in the MENA region rose from 3.8% in 2015 to 7.2% in 2018 — the latest year for which data is available.
World Bank economists expect economic growth in the Middle East and North Africa (MENA) to continue at a modest pace of about 1.5 to 3.5 percent during 2019-2021, with some laggards and a few emerging growth stars.
This report identifies key factors weighing on Syrian refugees contemplating a return home and analyzes how changing conditions in Syria might affect their decisions.
