Research & Commentary Results

International funders have often called upon recipients to carry out reforms before any funding can be made available or the amount increased. But in many crisis-wracked countries, such as Lebanon, the prospect of reforms may be too distant, with intervention needed immediately. This is why greater emphasis must be placed on risk mitigation measures over which funders can exercise control.

The scale of rebuilding needed after the Gaza war, in addition to the difficult political questions involved, will require close international coordination as well as innovative, future-informed thinking.

For the past several decades, successive Egyptian governments have practised the economic equivalent of riding a skateboard without a helmet; risky but manageable in the short run as long as one doesn’t encounter any obstacles. However, the inevitable has happened. Egypt’s economy smashed into not one, but two, major obstacles; a pandemic, which it just managed to stagger away from (World Bank, 2021), followed by the full-scale Russian invasion of Ukraine.

Africa-to-Europe value chains in manufacturing and agri-food production can mitigate factors driving current migration patterns by employing Africans in local value-added production and boosting African GDP growth, reorienting Africa-Europe relations towards mutual economic benefit and dignity.

Well over 30 attacks against commercial shipping in the Red Sea have been reported since mid-November 2023, although none have targeted crude oil or liquefied natural gas (LNG) carriers to date. But that is not to say that global energy flows through this critical maritime chokepoint are invulnerable; any harm that came to hydrocarbon carriers traveling into or out of the Red Sea via the Bab el-Mandeb would have far-reaching consequences for international markets.

Azerbaijan will host COP29 at the end of this year. Being selected to host the most important international climate event is a major achievement for the South Caucasus country, though the spotlight it brings will come with its own challenges due to Azerbaijan’s poor human rights record and worsening relations with the West.

A closer look at the impact of domestic and international developments on Algeria’s agenda as the country prepares for a complicated and critical presidential race in December 2024.

In 2017, Saudi Arabia’s Public Investment Fund and a number of Jordanian banks established the Saudi-Jordanian Investment Fund to channel $3 billion into the Jordanian economy. Two SJIF projects provide relevant case studies of the challenges facing Jordan’s broader efforts to attract more FDI and drive economic development.

Gen. Qamar Javed Bajwa orchestrated a paradigm shift in Pakistan’s traditional geostrategic focus, transitioning from geopolitics to geoeconomics. His successor, Gen. Asim Munir, in command of Pakistan’s military for the past year, now faces the challenging task of turning Gen. Bajwa’s unrealized vision into a reality, a goal that requires cultivating positive interdependence and multi-alignment with a diverse range of partners, while also ensuring domestic stability.

At the September G20 meeting, host country India, along with the United States, the European Union, France, Germany, Italy, Saudi Arabia and the United Arab Emirates (UAE), signed a memorandum of understanding, a non-binding commitment to work towards building two separate “corridors”, essentially envisioning a political line that is connected by some new and some existing, or already under construction, physical infrastructure.

The Oct. 7 Hamas attack against Israel and the latter’s ongoing military operation in Gaza have stalled progress in the development of the India-Middle East-Europe Economic Corridor and raised questions about its prospects for eventual completion. The IMEC faces multiple viability challenges, but none of them are insurmountable; thus, its participants are unlikely to abandon it.

The renewed violence in Gaza could not have come at a less opportune time for the climate agenda in the Middle East. From energy economics to environmental degradation, the ripple effects of conflict will complicate the path ahead.

Outside of the security risks brought about by war, the Israel-Hamas conflict has yet to result in major changes in the regional natural gas market.

In recent years, China’s presence in Egypt’s strategic ports has grown noticeably, including the involvement of both private and state-owned Chinese companies. While this reflects Beijing’s growing ambitions in the region, the opacity of the Sino-Egyptian agreements and the blurry lines between China’s commercial ports and its military aspirations raise questions about the potential implications.

With no new interregional or international gas pipelines currently planned, gas-poor Morocco should consider alternative import schemes, such as LNG import via ISO tank containers, utilizing its well-developed port, rail, and road infrastructure.