Middle East Economic Survey

VOL. LIII

No 42

18-Oct-2010

REGIONAL

World Bank Plans Initiative To Close MENA Infrastructure Gap

The World Bank Group announced on 10 October that it is setting up, in cooperation with the Islamic Development Bank, a regional initiative aimed at securing up to $1bn to close the infrastructure gap currently afflicting the MENA region. To maintain growth rates at current levels and boost economic competitiveness, the MENA region will need to invest $75-100bn/year....