The Impact of War and Peace in MENA
Civil wars and violence have significantly damaged human, social and physical capital in the war-torn countries of Syria, Iraq, Libya and Yemen. The results on educational attainment are devastating. Estimates by the UN show that more than 13 milli...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26379176/impact-war-peace-mena http://hdl.handle.net/10986/24384 |
| Summary: | Civil wars and violence have
significantly damaged human, social and physical capital in
the war-torn countries of Syria, Iraq, Libya and Yemen. The
results on educational attainment are devastating. Estimates
by the UN show that more than 13 million children are out of
school in these countries.The World Bank is currently
undertaking a similar assessment for Yemen with the
collaboration of UN agencies, the European Union, the
Islamic Development Bank, and country authorities. The
preliminary estimates, based on data as of October 31, 2015,
show the damage in four cities--Sana’a, Aden, Taiz and
Zinjibar-- over six sectors – education, energy, health,
housing, transport, and water and sanitation-- to be in the
range of USD 4.0 – 5.0 billion.An end to the conflicts in
MENA will improve macroeconomic indicators through restoring
security, increasing investment, and the commencement of
reconstruction activity. Social indicators will also improve
with growth as well as by the shifting of public resources
from military expenses to education and health. All in, a
peace settlement in Syria, Iraq, Libya and Yemen, therefore,
could lead to a swift rebound in oil output and exports,
allowing them to increase fiscal space, improve current
account balances, increase foreign reserves, and boost
economic growth in the medium term. This can bring positive
spillovers to the rest of the region. |
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