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.
Hafez GhanemVice President, Middle East and North Africa
Dr. Hafez is the Vice President of the World Bank for the Middle East and North Africa since March 2, 2015. He is a development expert with more than thirty years of experience in policy analysis, project formulation and supervision, and management of multinational institutions. Dr. Ghanem leads the World Bank’s engagement with 20 Middle East and North African countries through a portfolio of ongoing projects, technical assistance and grants worth more than US$13 billion. Prior to his appointment as Vice President, Dr. Ghanem was a Senior Fellow at the Brookings Institution in the Global Economy and Development program leading the Arab economies project, focused on the impact of political transition on Arab economic development.He holds a bachelor’s and master’s degree in Economics from the American University in Cairo and a PhD in Economics from the University of California, Davis.He is an ERF Research Fellow.