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World Bank may shift global financing model for LICs

Location:

INTERNATIONAL

The comments come as the World Bank is pressing donors to provide at least 65 billion dollars for the International Development Association (IDA), the Bank's financing arm for…

Gaza war will hit non-oil Middle East economies hard

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MIDDLE EAST

The conflict will damage the economic prospects of Israel, Egypt and Jordan, even without a major regional escalation. The Gulf Arab states, Iraq and Algeria will benefit from the…

Middle East and North African debt fears will rise

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MENA

Like other fuel-importing countries in the Middle East and North Africa (MENA), it has large structural fiscal and current account deficits. These have resulted in climbing…

Prospects for the Levant in 2021

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PROSPECTS 2021

However, in 2021 they will all face two common challenges: recovering from major economic shocks in 2020 and reorienting to US policy shifts under a Biden presidency. From…

Crypto market to grow in Middle East and North Africa

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MIDDLE EAST/NORTH AFRICA

In the region’s distressed and dysfunctional economies, cryptocurrencies have often become a lifeline for ordinary people, despite volatile prices and a risk of theft. By…

Political challenges in Lebanon face the IMF agreement

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LEBANON

The government had met a number of the IMF’s conditions, including the passage of a capital control law and an electricity sector reform plan. It had also completed an audit to…

Syrian-Lebanese food shortages will drive instability

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SYRIA/LEBANON

While Lebanon is experiencing what the World Bank dubbed “the worst economic crisis in more than a century”, civil war-torn Syria has been hit by one of the most severe droughts…

Prospects for Middle Eastern oil economies to end-2022

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PROSPECTS H2 2022

Prospects for Middle Eastern oil economy to end-2022.

Lebanese protests will tighten the economic trap

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LEBANON

Lebanon’s debt is reaching unsustainable levels, meaning politicians can no longer delay addressing longstanding structural fiscal and current account deficits. However, public…

UNRWA row fallout could devastate Gaza Palestinians

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PALESTINIANS

Also yesterday, the head of the Saudi humanitarian agency emphasised that some countries’ decisions to halt UNRWA funding risked “aiding” the deaths of Gaza civilians. Some 1.9…