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The World Bank and the Gulf Cooperation Council (GCC) countries have been strong partners for over five decades. Governments in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates have benefited from the Bank’s global knowledge and development experience through their use of technical assistance programs, offered by the World Bank on a reimbursable advisory services (RAS) basis. ....
Economies in the Middle East and North Africa (MENA) are expected to grow at a slower pace in 2023, as double-digit food inflation adds pressure on poorer households and the impact of food insecurity can span generations, according to the World Bank’s latest economic update. ....
This edition of the World Bank MENA Economic Update estimates that the Middle East and North Africa (MENA) region’s economies will grow by 5.5% in 2022, the fastest rate since 2016. Yet this growth is uneven. ....