Economic Research Forum (ERF)

Hafez Ghanem

Author

Hafez Ghanem
Nonresident Senior Fellow, Brookings Institute; Senior Fellow, Policy Center for the New South; Distinguished Fellow, FDL at the Paris School of Economics

Hafez Ghanem – who holds a PhD in Economics from the University of California, Davis – is Senior Fellow at the Policy Center for the New South, a development expert with a large number of academic publications; and more than forty-year experience in policy analysis, project formulation and supervision, and management of multinational institutions. He has worked in over 40 countries in Africa, Europe and Central Asia, Middle East and North Africa, and South East Asia. Between 2015 and 2022 he was Vice President of the World Bank, initially responsible for the Middle East and North Africa, then for Sub-Saharan Africa and then East and Southern Africa. In this latter capacity he was responsible for developing and implementing the World Bank’s strategy in the region, including a nearly $20 billion annual lending program and a large volume of analytical work and policy papers. During 2012-15 he was a senior fellow in the Global Economy and Development program of the Brookings Institution. His research focused on the Arab countries in transition: Egypt, Jordan, Libya, Morocco, Tunisia and Yemen. He continues his connection with Brookings as a Nonresident Senior Fellow. During the period 2007-12 he worked at the Food and Agriculture Organization of the United Nations (FAO) as the Assistant Director-General responsible for the Economic and Social Development Department. This Department, with more than 300 employees from all over the world, is responsible for FAO’s analytical work on agricultural economics and food security, trade and markets, gender and equity, and statistics. Prior to joining FAO, he spent twenty-four years on the staff of the World Bank where he started as a research economist and then senior economist in West Africa and later South Asia. In 1995, he moved to Europe and Central Asia where he was Sector Leader for Public Economics and Trade Policy. In 2000, he returned to Africa as Country Director for Madagascar, Comoros, Mauritius and Seychelles. In 2004, he became Country Director for Nigeria where he led a multinational team of more than 100 professionals, managing the Bank’s loan portfolio of some USD 1.5 billion. He has many publications in professional journals and was a member of the core team that produced the 1995 World Development Report.

Content by this Author

Arab regional cooperation in a fragmenting world

As globalisation stalls, regionalisation has emerged as an alternative. This column argues that Arab countries need to face the new realities and move decisively towards greater mutual cooperation. A regional integration agenda that also supports domestic reforms could be an important source of growth, jobs and stability.

A moonshot for MENA: laying the groundwork for a modern digital economy

A new economic reality is needed in the Middle East and North Africa (MENA). This column proposes a ‘moonshot’, which, like the US effort to land a man on the moon in the 1960s, can unite people behind a common goal and transform the ways in which governments, companies, international financial institutions and civil societies conduct business. It would transform MENA economies and help to ensure that millions of the region’s young people can find the good jobs they deserve.

Most read

Sanctions and the shrinking size of Iran’s middle class

International sanctions imposed on Iran from 2012 have reduced the size of the country’s middle class, according to new research summarised in this column. The findings highlight the profound social consequences of economic pressure, not least given the crucial role of that segment of society for national innovation, growth and stability. The study underscores the need for policies to safeguard the civilian population in countries targeted by sanctions.

Artificial intelligence and the renewable energy transition in MENA

Artificial intelligence has the potential to bridge the gap between abundant natural resources and the pressing need for reliable, sustainable power in the Middle East and North Africa. This column outlines the constraints and proposes policies that can address the challenges of variability of renewable resources and stress on power grids, and support the transformation of ‘sunlight’ to ‘smart power’.

Green jobs for MENA in the age of AI: crafting a sustainable labour market

Arab economies face a dual transformation: the decarbonisation imperative driven by climate change; and the rapid digitalisation brought by artificial intelligence. This column argues that by strategically managing the green-AI nexus, policy-makers in the region can position their countries not merely as followers adapting to global mandates but as leaders in sustainable innovation.

Egypt’s forgotten democratisation: a challenge to modern myths about MENA

A widely held narrative asserts that countries in the Middle East are inevitably authoritarian. This column reports new research that tracks Egyptian parliamentarians since 1824 to reveal that the region’s struggle with democracy is not in fact about cultural incompatibility: it’s about colonialism disrupting home-grown democratic movements and elite conflicts being resolved through disenfranchisement rather than power-sharing.

MENA integration into global value chains and sustainable development

Despite the geopolitical advantages, abundant natural resources and young populations of many countries in the Middle East and North Africa, they remain on the periphery of global value chains, the international networks of production and service activities that now dominate the world economy. This column explains the positive impact of integration into GVCs on exports and employment; its role in technology transfer and capacity upgrading; and the structural barriers that constrain the region’s involvement. Greater GVC participation can help to deliver structural transformation and sustainable development.

Arab youth and the future of work

The Arab region’s labour markets are undergoing a triple transformation: demographic, digital and green. As this column explains, whether these forces evolve into engines of opportunity or drivers of exclusion for young people will hinge on how swiftly and coherently policy-makers can align education, technology and employment systems to foster adaptive skills, inclusive institutions and innovation-led pathways to decent work.

Wrong finance in a broken multilateral system: red flags from COP30-Belém

With the latest global summit on climate action recently wrapped up, ambitious COP pledges and initiatives continue to miss delivery due to inadequate commitments, weak operationalisation and unclear reporting systems. As this column reports, flows of climate finance remain skewed: loans over grants; climate mitigation more than climate adaptation; and weak accountability across mechanisms. Without grant-based finance, debt relief, climate-adjusted lending and predictable multilateral flows, implementation of promises will fail.

Why political connections are driving business confidence in MENA

This column reports the findings of a new study of how the political ties of firms in the Middle East and North Africa boost business confidence. The research suggests that this optimism is primarily driven by networked access to credit and lobbying, underscoring the need for greater transparency and institutional reform in corporate governance.

Digitalising governance in MENA: opportunities for social justice

Can digital governance promote social justice in MENA – or does it risk deepening inequality and exclusion? This column examines the evolution of digital governance in three sub-regions – Egypt, Jordan and the countries of the Gulf Cooperation Council – highlighting how data practices, transparency mechanisms and citizen trust shape the social outcomes of technological reform.




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