Embarking on a Path of Renewal: A Report by the Commission o

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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