world bank mena countries

This map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country . Since 2008, the World Bank issued approximately USD 17 billion equivalent in Green Bonds through over 200 bonds in 25 currencies. The World Bank said the $12bn pledge would raise its overall commitment of unspent funds to $30bn, from a budget of $170bn, as it seeks to prevent low-income countries from being hit by famine and . They discussed cooperation mechanisms in support of the COP27 agenda. IBRD's financial strength comes from the strength of country member support, a well-diversified . More than one billion people worldwide still live in extreme poverty, a state of affairs that is morally unacceptable given the resources and technology we have available today. Country. It builds awareness of how quality childcare services are linked to women's economic empowerment and identifies areas for reform. Objective 2: Ensuring continuity of public services to enable citizens to make use of digital . According to IMF projections, the MENA region's economy is estimated to be contracting by about 3.3% in 2020, which is slightly worse than the world average that is forecast to be 3%.Within the MENA region there is also large regional disparity with national economic growth predictions . MENA accounts for nearly half of the world's desalination capacity, according to World Bank calculations, making it the largest desalination market in the world. In late 2018, The World Bank called on the leaders of the Middle East and North Africa (MENA) to aim high. ( 2015) 0.5. 0 5 10 15 20 25 30 35 40 45 50 2011 2015 2018 2011 2015 2018 2011 2015 2018 It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog "The MENA region remains in crisis, but we can see hopeful signs of light through the tunnel, especially with the deployment of vaccines," said Ferid BelHajj, World Bank vice president for the . Yuting; Islam, Asif M.; Rojas, Claudio J. MENA, an acronym in the English language, refers to a grouping of countries situated in and around the Middle East and North Africa.It is also known as WANA, which alternatively refers to the Middle East as Western Asia.As a regional identifier, MENA is often used in academia, military planning, disaster relief, media planning (as a broadcast region), and business writing. According to World Bank, Mena's major resource-rich countries are economically dependent on the oil and gas trade. World Bank national accounts data, and OECD National Accounts data files. We fund thousands of develoment projects, offer aid during emergencies, and invest in private sector. World Bank Support for Country Access to COVID-19 Vaccines WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Disclaimer Official delimitation of areas and borders are being updated and might not reflect the official position of the World Bank Group. . The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and energy prices, the World Bank said Thursday, warning of potential social unrest.In its latest update to its MENA growth forecast, the development lender said inflationary pressures set off by Covid-19 "are likely to be exacerbated" by Russia's invasion. 2 Blend countries: IDA-eligible but also creditworthy for some IBRD borrowing. Middle East & North Africa (IDA & IBRD countries) The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. positive social and environmental outcomes in countries. The Middle East and North Africa (MENA) region has about 57% of the world's proven oil reserves and 41% of proven natural gas resources. Desalination is widely practiced . Though they only account for 16 percent of the world's population, high-income countries generate about 34 percent, or 683 million tonnes, of the world's waste. Hover over. World Bank Green Bonds are an opportunity to invest in climate solutions through a high quality credit fixed income product. The MENA region has been at the crossroads of regional trade throughout history. The region is expected to recover only partially in 2021. The benefits of digital adoption, spurred by the Covid-19 . Data. . Egypt, World Bank hold talks over COP27. The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and energy prices, the World Bank said Thursday, warning of potential social unrest. Following the 1948 Arab-Israeli War . ( 2 ) Census reports and other statistical publications from national statistical offices, ( 3 ) Eurostat: Demographic Statistics, ( 4 ) United Nations Statistical Division. Yet rapidly changing socioeconomic, political, and environmental conditions make water security a different, and more urgent, challenge than ever before. Doi: 10.1596/978-1-4648-1699-4. Many countries in the Middle East and North Africa will see further food price increases and will be at risk of food insecurity, the World Bank said in a report. Fifty percent of MENA's food is imported. World Bank forecasts are frequently updated based on new information and changing (global) circumstances. World Bank Country and Lending Groups. Non-food producing countries, such as the GCC, are . A further 16 countries are sometimes included. Fifteen million people have fled their homes, many to fragile or economically strapped countries such as Jordan, Lebanon, Djibouti and Tunisia, giving rise to the biggest refugee . MENA is also endowed with unique solar resources. The World Bank is preparing a $1.5 billion support package for war-torn Ukraine, including a $1 billion payment from the development lender's fund for the poorest countries, World Bank President . The chart below summarizes the number of countries in each group over time. Sand and Dust Storms in the Middle East and North Africa Region—Sources, Costs, and Solutions. ( 1 ) United Nations Population Division. Most Recent Value (Millions) Country borders or names do not necessarily reflect the World Bank Group's official position. Countries Situations Partners Maps Search; About Contact Geoservices IM Toolkit English. We cultivate leading experts who share insight, research, and data with the development community. The Middle East and North Africa (MENA) region includes approximately 19 countries, according to World Atlas. World Population Prospects: 2019 Revision. Documents & Reports - Temporary Redirects. As the COVID-19 pandemic spread widely through MENA, the World Bank quickly surged support to help blunt severe health and economic damage. MENA is an acronym that stands for the Middle East and North Africa. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. 3 Borrowing on small economy terms, when applicable. COVID-19 has caused a significant economic downturn in the Middle East and North Africa (MENA) region. The strategy rests on four pillars, widely known as the "4Rs": i) Renewing the Social Contract, ii) Resilience to Shocks, iii) Regional Cooperation, and iv) Recovery and Reconstruction. Overview. Governments of MENA countries should reinforce their efforts to achieve the following objectives based on the COVID-19 early lessons: Objective 1: Increasing capacities and reducing network congestion to prevent disconnection and ensure sustainability. . Economies in the Middle East and North Africa can achieve 46 per cent growth in per capita gross domestic product over the next 30 years, or a long-term gain of at least $1.6 trillion, by fully adopting digital technology, according to the World Bank. Sudan and Turkey are sometimes included in MENA. DUBAI - Economic growth in the Middle East and North Africa (MENA) is forecast to be "uneven and insufficient" this year, as oil exporters benefit from surging prices while higher food prices hit the whole region, the World Bank said on Thursday. The region has vast oil, petroleum, and natural gas reserves. Inhabited since at least the 15th century B.C., the West Bank has been dominated by many different peoples throughout its history; it was incorporated into the Ottoman Empire in the early 16th century. GDP in the Mena region is forecast to rise 5.2 per cent this year after an estimated 3.3 per cent expansion last year and 3.1 per cent contraction in 2020, the World Bank said in a report, noting . The international organization . GDP (current US$) - Middle East & North Africa from The World Bank: Data. only a third of the middle-income MENA countries have higher vaccination rates than their income peers. The Middle East and North Africa economies are expected to grow 5.2 per cent in 2022, the fastest rate since 2016, on the back of higher oil prices, but the Ukraine war and Covid-19 variants add uncertainty to the outlook, the World Bank said on Thursday. Note: Red lines indicate median growth in GDP per capita in non-MENA countries in the same income group Blue diamonds are country average growth in GDP per capita. This note showcases how different countries regulate private childcare services. However, public assistance could help to mitigate the impact, it said. For the current 2022 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,045 or less in 2020; lower middle-income economies are those with a GNI per capita between $1,046 and $4,095; upper middle-income economies are those with a . The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. South Asia, and the Middle East and North . Labor force participation rate, total (% of total population ages 15+) (national estimate) the Sustainable Development Goals, and. Selected Countries and Economies. 2021. Beyond Scarcity : Water Security in the Middle East and North Africa. Ukraine war has 'multiplied risks' for Middle East's poorer countries, says World Bank Men bake bread at a bakery in el-Arish city in Egypt's North Sinai province on 20 March, 2022 (AFP) By 2019. We . Countries in the Middle East and North Africa are struggling to recover from the coronavirus crisis as underfunded public health systems exacerbated economic woes, the World Bank said on Thursday. World Bank Forecasts Uneven Recovery in Middle East and North Africa. The MENA region is sometimes known as the Arab World or the Greater Middle East. Fossil fuels average 50% of exports for the GCC countries, Iraq, Libya, Iran. The triple-A credit quality of the Green Bonds is the same as for any other World Bank bonds. While oil exporting nations in the MENA region appear to be recovering faster as oil prices soar, yet a majority of MENA developing economies may face a slower recovery, the World Bank said in a reportSeban Scaria, ZAWYAApril 15, 2022. Most Recent Year. Language English; Français; عربي, Español Documents World Bank - UNHCR MENA Study: COVID-19 Compounding Misfortunes Download (PDF, 2.97 MB) Document Type: WASHINGTON — Economies in the Middle East and North Africa (MENA) region are expected to grow by 5.2% in 2022, the fastest rate since 2016, on the back of oil-price windfalls benefitting the region's oil exporters. Alkesh Sharma. The West Bank fell to British forces during World War I, becoming part of the British Mandate of Palestine. Eight indicators—structured around women's interactions with the law as they begin, progress through, and end their careers—align with the economic decisions . The number of middle-income countries is 107 (60 UMICs and 47 LMICs) and has not changed much as countries have transitioned both in and out of this group. Bloomberg. c. b. Abstract. The war in Ukraine is also disrupting supplies and fuelling already . Most MENA . World Bank Publications, World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; pubrights@worldbank.org. The following countries are normally included in MENA: Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, Palestine, and Yemen. Net ODA received per capita (current US$) - Middle East & North Africa, Morocco Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, and International Development Statistics database. The MENA Region launched a Regional Platform to help the countries respond to the health crisis and alleviate the pain of the most vulnerable. Electricity production from renewable sources, excluding hydroelectric (% of total) Most recent value. Alamy. The immediate response included financing, policy advice, and . Arab World; Central Europe and the Baltics; East Asia & Pacific (excluding high income) Euro area; Europe & Central Asia (excluding high income) European Union; Fragile and conflict affected situations; Heavily indebted poor countries (HIPC) Latin America & Caribbean (excluding high income) Least developed countries: UN classification Click on. Women, Business and the Law 2022 is the eight in a series of annual reports that analyze laws and regulations affecting women's economic opportunity in 190 economies. As of April 4, 2022 . . This page in: . With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared . Syria, Iraq, Libya and Yemen are in civil war, causing untold damage to human lives and physical infrastructure. a tile for details. The Middle East and North Africa region is in turmoil. Speaking at the World Government Summit (WGS) 2022, David Malpass, President of the World Bank Group, highlighted the risks of Mena countries failing to rise to development challenges that could . Water has always been a source of risks and opportunities in the Middle East and North Africa. Public debt levels in the Middle East and North Africa are expected to rise to 54 percent of economic output by the end of this year from 46 percent in 2019, the fastest accumulation . Estimates of GNI are obtained from economists in World . Mar 17, 2022. The World Bank said the $12bn pledge would raise its overall commitment of unspent funds to $30bn, from a budget of $170bn, as it seeks to prevent low-income countries from being hit by famine and . the World Bank and the United Nations began using the term "Middle East and North Africa" to refer to the region spanning horizontally . 74 IDA-eligible countries; 59 IDA-only; and 15 blend countries. 1 Inactive countries: no active IDA financing due to protracted non-accrual status. However, great gaps exist between countries rich in natural resources and countriesndependent on such resources; Many countries have close to 100% access to . Governments in the MENA region have rapidly reacted to contain the Coronavirus (COVID-19), by developing massive policy and institutional plans to support households and firms.This update includes the latest analysis on the economic and social consequences of the crisis, including new sections on the fiscal and educational challenges, as well as insights on the resilience of the healthcare system. There are 19 countries generally included as part of the MENA countries. In Egypt and Palestine, ICT learning first begins in lower secondary (middle school) education. License: Creative Commons Attribution CC BY 3.0 IGO Opportunities. Countries have previously established a host of multilateral, regional, and bilateral trade agreements, with . Middle East News: DUBAI: The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and energy prices, the World . . ESMAP would appreciate a copy of or link to the publication that uses this publication for its source, addressed to ESMAP Manager, World Bank, 1818 H Street NW, Washington, DC 20433 USA; esmap@worldbank.org. April 07, 2022 15:34. For the current 2022 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,045 or less in 2020; lower middle-income economies are those with a GNI per capita between $1,046 and $4,095; upper middle-income economies are those with a . The Internet Society argues that this is a pivotal factor. In 2015, the World Bank Group launched the MENA strategy to support peace and stability in the region through economic and social inclusion. Johannes P. Christo, Reuters. Countries in the Middle East and North Africa (MENA) region will need to create approximately 300 million jobs in order to ensure that they hit their development goals, the president of the World Bank Group, David Malpass, highlighted while speaking at the World Government Summit 2022 (WGS 2022) at Expo 2020 Dubai.. David Malpass spoke about the risks facing MENA countries if they fail to rise . The World Bank (IBRD) has maintained a triple-A rating since 1959 and has been issuing bonds since 1959 to support lending to member governments. The World Bank is a unique global partnership that finances development and aid projects to end poverty and promote prosperity. Nineteen countries are included in this region, which is around 6% of the world's population. Attribution—Please cite the work as follows: World Bank. The Sharm El-Sheikh COP27 will address the topics of financing . This region has significant oil and natural gas reserves with 60% and 45% of Earth's supply, respectively. XX. 4: Capacity, commonly seen as teacher readiness, can help determine the failure or success of an education system's ability to instill digital opportunities. The World Bank classifies economies for analytical purposes into four income groups: low, lower-middle, upper-middle, and high income. Source: Office of the Chief Economist for MENA, World Bank, based on IMF data, World Economic Outlook. Note: e = estimate; f = forecast. High food prices and international market volatility mean domestic agriculture has taken on strategic importance in all the food producing countries in the region. (AFP Photo) Asharq Al-Awsat. MENA is usually grouped together by international, economic, and . The region's economies are projected to contract by 5.2% in 2020, which is 4.1 percentage points below the forecast in April 2020, and 7.8 percentage points worse than that of October 2019, reflecting an increasingly pessimistic outlook for the regional economy. Country Specific Global Competitiveness Index at TCdata360. At the same time, rising inequality and social exclusion seems to accompany rising prosperity in many countries. The . World Bank envisions digital miracle for MENA. Consequently, projections presented here may differ from those contained in other Bank documents, even if basic MENA Countries 2022. Countries Situations Partners Maps Search; About Contact Geoservices IM Toolkit English. The number of high-income countries is currently 80, up from less than 50 in the 1990s. GDP will grow 5.2% by end 2022, but Ukraine war and COVID-19 add to uncertainty. The World Bank predicts an uneven recovery across the Mena region this year. . Leadership, organization, and history. Reuters. GDP per capita . The Data Catalog is designed to make World Bank's development data easy to find, download, use, and share. Productivity relative to benchmark of complete education and full health. ( 2015) Trend. The World Bank is a vital source of financial and technical assistance. 4 Borrowing on blend credit terms. World Bank economists expect economic growth in the Middle East and North Africa (MENA) to continue at a modest pace of about 1.5 to 3.5 percent during 2019-2021, with some laggards and a few emerging growth stars. WASHINGTON, April 14, 2022 — Economies in the Middle East and North Africa (MENA) region are expected to grow by 5.2% in 2022, the fastest rate since 2016, on the back of oil-price windfalls . DUBAI: The World Bank has rolled out financial support efforts to address public health needs, particularly for developing countries, amid the coronavirus pandemic. World Bank Country and Lending Groups. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. For this purpose it uses gross national income (GNI) per capita data in U.S. dollars, converted from local currency using the World Bank Atlas method, which is applied to smooth exchange rate fluctuations.. The World Bank Group works in every major area of development. Language English; Français; عربي, Español Documents World Bank - UNHCR MENA Study: COVID-19 Compounding Misfortunes Download (HTML, 0 B) Document Type: Document Type: English: Publish Date: The World Bank Group building is viewed on an empty street in Washington, D.C., US, April 13, 2020. "Living with Debt: How Institutions Can Chart a Path to Recovery for the Middle East and North Africa" Middle East and North Africa Economic Update (April), Washington, DC: World Bank. Who We Are. West Bank and Gaza 1.4 -11.3 6.0 3.4 3.4 Source: World Bank. The strategic importance of the rural sector in MENA is fourfold: Food Security. "In summary, the MENA region is experiencing an uneven recovery under a high uncertainty scenario, clouded by geopolitical risks, the ongoing pandemic, and the still emerging economic repercussion of the Ukraine war," the World Bank said in its April 2022 MENA economic update. A new report on the digital upside of MENA countries states that over the long run of more than the coming 20 years, "the socioeconomic upside of digitalizing the economy of countries in the Middle East and North Africa (and other low- and middle-income economies) is probably huge. GDP per capita, a measure of people's living standards, is expected to rise 4.5% in the GCC this year and is not seen surpassing pre-pandemic levels until 2023, the World Bank said. People using safely managed sanitation services (% of population) People using safely managed sanitation services (% of population) Most recent value.

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