Middle East Economic Survey

VOL. XLVIII

No 17

25-April-2005

REGIONAL

World Bank Urges MENA Structural Reforms To Capitalize On Oil Boom

The current oil boom has underpinned strong growth of 5.6% in the MENA region over the past two years but structural reform remains key to its long-term growth and job creation, the World Bank said in a report published on 17 April. According to, Middle East and North Africa Economic Developments and Prospects 2005, close to 100mn new jobs will be needed over the...