Is the economic miracle achieved an Arab?
04/07/2011 9:45
From an economic perspective, the Arab spring blow to the region. Investors are cautious, and there is a big question mark hovering over the prospects of development. But the World Bank experts are convinced that the Middle East and North Africa still has huge growth potential.
To prove this point of view, preferably Dimitris Tsetserajus cited the example of the unexpected, Iraq, where he says the new Vice President of International Finance Corporation, the Middle East and North Africa, the largest arm of the Investment Bank, the country’s troubled «seems to be vanished from view in the current period».
He said in an interview that the needs in Iraq are too high. And foreign investment to go there. The «This suggests something, over much of Iraq». Known Tsetserajus, who was residing in Cairo as Regional Director of the organization before assuming his new role, well that Iraq will be difficult to compare in Egypt or Tunisia. But who would have thought a few years ago that there is hope in the future before the war-torn country after the U.S. invasion?
He said that when you look at Egypt and Tunisia, the possibility of rapid change there is very high .. The possibility of growth in this region are enormous. These two countries, as is the case for the rest of the region, have all the basic requirements of a population of youth and middle class and increasing income, and the only thing that Enqsma is political stability.
But under the situation that can not be predicted far in the region, it is difficult to present itself as a platform for investors who are fertile are seeking to seize the opportunities. And after the beginning of hope, it seems that the Arab spring now in latency. The world is still beset by anxiety. On the other hand, Libya appears to slip into a devastating civil war in full.
Ishq and many in the private sector is the mainstay of growth in the provision of much-needed. Tsetserajus say that the biggest challenge in the region is to provide jobs, and at the global level, comes to provide employment opportunities from the private sector.
He went Tsetserajus saying that investors keep their cool and until now there has been no mass exodus from the region observed is a symbol of a hope. He said that the people who put their money in the region depend on the direction of wait and see.
He insists that the state expert on the propensity to invest fully understood. He says that he must always guard against, should also monitor how the development of a situation. But it does not change his opinion on the potential for the region, saying we look at the long term .. Growth potential is there. This has not changed.
