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Embarking on a Path of Renewal: A Report by the Commission on Stabilization and Growth in the Middle East and North Africa

Post-Covid-19, the challenge of adjusting to high fuel and food prices, and to rising global interest rates, is particularly hard for the oil importing countries of the MENA region. Public debts are rising fast towards unsustainable levels. Already, currency devaluation and inflation are combining to lower economic growth, increase poverty, and put more stress on a battered middle-class, leading to a rise of social unrest.

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Ishac Diwan

Ishac Diwan is the Chaire d'Excellence Monde Arabe at Paris Sciences et Lettres. He received his PhD in economics from the University of California at Berkeley. He taught international finance at NYU's Business School from 1984-87. In 1987, he joined the World Bank's Research Complex, where he focused on international finance, trade, and macroeconomics. In 1992, with the coming of the Oslo Agreements, he joined the World Bank’s Middle East Department, first as the country economist for the West Bank and Gaza and later as a regional economist.

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