The regional outlook is shrouded in uncertainty and is subject to a variety of political risks. In 2013, growth in MENA is expected to slow to 2.8 percent from 5.6 percent in 2012, but will strengthen to around 4 percent in 2014. Read More »
World Bank support to the region reached $2.1 billion for 16 projects in fiscal 2013, including $1.8 billion from the International Bank for Reconstruction and Development (IBRD) and $249 million from the International Development Association (IDA). The Bank also committed $56.4 million in special financing for the West Bank and Gaza.