There is currently no Country Assistance Strategy (CAS) for Iran. The last Interim Assistance Strategy which covered the period 2002-2003 was extended through 2005. No new World Bank loans to Iran have been approved since 2005 and all projects have closed.
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The over-50% decline in world oil prices—from US$115 a barrel in June 2014 to less than US$50 today—will have significant consequences for the economies of the Middle East and North Africa (MENA) regi... Show More +on. This report titled " Plunging Oil Prices", focuses on the implications of low oil prices for eight developing countries, or the MENA-8 (oil importers: Egypt, Tunisia, Lebanon and Jordan and oil exporters: Iran, Iraq, Yemen and Libya) and the economies of the GCC (Gulf Cooperation Council), who play a major role in providing funds in the form of aid, investment, tourism revenues and remittances to the rest of the countries of the region. Show Less -
This report argues that Middle East and North Africa (MENA) countries face a critical choice in their quest for higher private sector growth and more jobs: promote competition, equal opportunities for... Show More + all entrepreneurs and dismantle existing privileges to specific firms or risk perpetuating the current equilibrium of low job creation. The report shows that policies which lower competition in MENA also constrain private sector development and job creation.The report is organized in four chapters as follows (PDF):Chapter one analyzes the dynamics and determinants of job creation and tests whether the fundamentals of job creation in MENA are similar to those in fast growing developing and high income countries.Chapter two shows how different policies in MENA countries shaped private sector competition and thus the firm dynamics associated with job growth identified in chapter one.Chapter three documents past industrial policies in MENA and compare the experiences in MENA with the experiences of East Asian countries, highlighting how the differences are linked to policy objective, design, and implementation.Chapter four analyzes how privileges to politically connected firms result in policy distortions that undermine competition and constrain private sector growth and jobs in MENA.The report concludes by laying out the implications for policy of the various findings and lays out the specific areas for policy reform to the roadmap for more private sector growth and jobs in MENA.Briefs (PDF)Unleashing the employment potential of the Middle East and North AfricaStartups and Innovative Firms Wanted : Private Sector Growth and Job CreationDistorted Dynamics: The Impact of Policies on Firm Dynamics and Job CreationAvoiding Pitfalls of Industrial Policy: Building Open and Effective Institutions for Private Sector Development and JobsPrivileges instead of Jobs: Politically connected firms receive generous policy privileges undermining completion and job creation Show Less -
First issue: October 2014 l Corrosive SubsidiesThe report projects regional growth to average 4.2 percent in 2015, slightly more favorable than the 2013-2014 figures. Economic growth ... Show More +could reach 5.2 percent depending on domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya.Download the report "MENA economic monitor" in PDF: Arabic , French Show Less -
This issue of the MENA quarterly brief assesses the macroeconomic performance of seven ofthe MENA countries: Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya. All of these countries experienced ... Show More +rapid economic growth during 2000-10, and suffered a sharp economic slowdown in the aftermath of 2011. The brief focuses on the challenges facing these countries with a closer look at the actual growth performance in comparison with their forecasts and highlights the limitations of forecasting in the wake of the 2011 uprisings; and at the consequences of the growth slowdown, including unemployment, where perceptions may diverge from reality. The story is told in fourteen charts. Show Less -