EBRD, EIB and World Bank launch new report on MENA’s economy

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The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank have published a joint report, Unlocking Sustainable Private-Sector Growth in the Middle East and North Africa (MENA). The report analyses constraints on productivity growth and limited accumulation of factors or production in the MENA private sector.

The report is based on the MENA Enterprise Survey conducted between late 2018 and 2020 on over 5,800 formal businesses across Egypt, Jordan, Lebanon, Morocco, Tunisia, the West Bank and Gaza.
Historically, economic growth in the Middle East and North Africa has been weak since the global financial crisis of 2007-09 and the Arab Spring of the early 2010s. Since then, gross domestic product (GDP) per capita has grown by only 0.3 per cent a year in the MENA region. That compares unfavourably with rates of 1.7 per cent on average in middle-income countries and 2.4 per cent in the developing…

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