MENA’s Forced Displacement Crisis
The latest MENA Quarterly Economic Brief estimates growth in the Middle East and North Africa (MENA) Region to fall short of expectation at 2.6 percent in 2015, about 0.2 percentage points below the October 2015 forecast. The World Bank expects the...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26378941/mena’s-forced-displacement-crisis http://hdl.handle.net/10986/24383 |
| Summary: | The latest MENA Quarterly Economic Brief
estimates growth in the Middle East and North Africa (MENA)
Region to fall short of expectation at 2.6 percent in 2015,
about 0.2 percentage points below the October 2015 forecast.
The World Bank expects the economic outlook to remain
“cautiously pessimistic” in the short term. The recent poor
performance of several MENA economies, and their dim
prospects for the future, are partly driven by the civil
wars that have created death, destruction and significant
growth shortfalls in both conflict countries; Syria, Iraq,
Yemen and Libya and their neighbors. This Quick Note
summarizes the findings of the report including the
important channel of forced displacement, which has become a
crisis.Overall, millions of Syrians, Iraqis, Yemenis and
Libyans have been forced to flee their homes or displaced
with in the country. They are in need of urgent humanitarian
and financial assistance. According to the United Nations
(U.N.) for Syria only, it will take US 7.7 billion dollars
to meet the urgent needs of the most vulnerable people in 2016. |
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