A political resolution in Libya is needed to implement the required reforms for a private sector driven growth & jobs generation.
The Libyan economy has been hit by: an intensifying conflict, the closure of oil fields, decreasing oil prices, and the COVID-19.
During the most recent financial year, the World Bank responded with US$5.47 billion in new commitments to help the MENA region.
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.
This report identifies key factors weighing on Syrian refugees contemplating a return home and analyzes how changing conditions in Syria might affect their decisions.
The report outlines a new framework with a three-pronged approach. Unleashing education’s potential will require a ‘push’ for learning, a ‘pull’ for skills and a new ‘pact for education.
