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Several countries in the MENA region have been facing financial crises of unprecedented gravity. The MENA Commission on Stabilization and Growth Report describes how debt ratios started rising after the Arab Uprisings as fiscal policies became more expansionary, and how this was further precipitated by the COVID-19 pandemic, the Ukraine war, and the rise in global interest rates. The financial crises are especially acute in Lebanon, Egypt, and Tunisia, where external shocks have exacerbated deeply embedded structural weaknesses.
World Water Day, observed annually on March 22, draws awareness to issues of scarcity, sustainability, and safety of global freshwater resources. The security and reliability of water resources are constantly challenged by concerns over adequate availability, sufficient access to clean water, and the consequences of diminished and unsafe water supplies (e.g. to health and food security).
The Public Investment Fund chaired by Crown Prince Mohammed bin Salman plans to open five offices across the region in bid for influence and investment