This policy brief looks at the key socio-economic and political features of Lebanon, the drivers of its fragility exacerbated by the Covid-19 pandemic, and the devastating explosion at Beirut’s port on August 4, 2020. This colossal explosion has exacerbated the impact of the ongoing pandemic and... more
The coronavirus (COVID-19) pandemic has not only led to human casualties but also generated a severe global economic downturn. Governments have responded with economic stimulus packages to mitigate the adverse effects of this downturn. In this paper, we analyze the economic policy responses adopted... more
The COVID-19 pandemic has caused an unprecedented shock in all areas of human activity. Although the pandemic is not over and a wide range of its impacts has not yet unfolded, governments are required to act promptly to diminish its negative consequences.
This brief discloses several keystones of... more
In the absence of effective therapies and vaccines, North African countries, as elsewhere, have taken comprehensive containment measures to limit the spread of COVID-19 such as closing airports and maritime boundaries, suspension of non-essential activities, and stay-at-home orders.
In this interview, MENA Economic Update authors Ha Nguyen, World Bank Senior Economist for MENA, and Blanca Moreno-Dodson, Director of the Centre for Mediterranean Integration, explain just how trade openness in the region can be significant in achieving inclusiveness and alleviating poverty, and... more
Given the growing impact of COVID-19, the initial measures taken by the Tunisian authorities failed to address the second wave effectively. After providing an overview of the Tunisian public debt situation prior to the pandemic and of the subsequent challenges posed by the Covid-19 crisis, the... more
The SoED provides a comprehensive and up-to-date assessment of environment and development interactions in the Mediterranean region. The aim of the SoED 2020 is to increase awareness and understanding of the state of the Mediterranean, underlying driving forces and impacts, as well as to... more
Trade and integration — within MENA and with the rest of the world — will be critical to lowering poverty, empowering the poor, and igniting economic growth in the post-COVID era, according to the World Bank’s latest regional economic update.
The report, titled Trading Together: Reviving... more
The Covid-19 pandemic has accelerated the digital transformation strategy of firms, which have followed the technological path to support business continuity online, in response to government restrictions. The effectiveness of these business strategies depends on the familiarity and awareness of... more
Trade and integration—within the Middle East and North Africa (MENA) region and with the rest of the world—will be critical to lowering poverty, empowering the poor, and igniting economic growth in the post-Covid era, according to the World Bank’s latest regional economic update.
The report,... more
The COVID19 pandemic has severe economic and social implications in Egypt. The resulting economic crisis is having its toll on income, employment, and poverty, and is exacerbating the hardships already faced by households and vulnerable groups in Egypt during the last 3 years. These years witnessed... more