Economic Research Forum (ERF)

December

Climate change: the impact on child malnutrition in the Nile basin

There are complex interactions between climate change, food security and children’s nutritional status. This column summarises new research on these relationships in the context of Egypt, Ethiopia and Uganda, including the role of socio-economic factors in shaping child health, as well as possible routes and biological aspects that could explain their impacts.

The World Bank should become the ‘IMF of climate’

Climate stability, like global macrofinancial stability, is a public good. Yet, while the International Monetary Fund has an operational mandate to preserve global macrofinancial stability, there is no comparable pairing of the internationally agreed operational mandate on climate stability with a global institution. As this Devex column explains, the World Bank could be that very institution.

MENA’s unexpectedly low inflation

Since the start of the war in Ukraine, inflation rates in most countries of the Middle East and North Africa have been lower than in Europe and the United States. This column explores why – and what are the implications for government budgets.

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Labour demand and informal employment in Egypt’s manufacturing sector

Egypt’s manufacturing sector faces a dual challenge of weak job creation and persistent informality. Drawing on survey evidence on business behaviour and labour market dynamics, this column explains why job creation is limited and informal work remains such an integral part of how firms organise production. The generation of more formal jobs requires a comprehensive policy approach, one that goes beyond enforcement of labour regulations to reshape the economic environment in which firms and workers make decisions.

Challenges of conflict and industrial policy for development

How effective is industrial policy as a tool for long-term economic growth and development? Against the backdrop of the conflict currently engulfing the Middle East, North Africa, Afghanistan and Pakistan (MENAAP), a new report argues that while industrial policies are widely used across the region, they can only address market failures and foster growth when they are aligned with country capabilities, implemented with accountability and backed by capable institutions.

The green transition in MENA economies: challenges and policy pathways

The economies of the Middle East and North Africa are at a critical turning point. Global decarbonisation pressures, energy market volatility and technological transformation are increasingly challenging hydrocarbon-based growth models. This column argues that the green transition is not only an environmental necessity but also a strategic economic imperative.




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