Near East and North Africa

Over the last two years the economic situation in the Near East and North Africa has been shaped to a very large extent by sharp fluctuations in oil prices. Initially the oil price collapse of 1998 severely depressed the economic prospects for many of the oil exporting countries and economic growth fell to only 0.8 percent in 1999. Moreover, severe drought in many North African and Near Eastern countries, together with the devastating earthquake in Turkey, undermined growth prospects in many of the non-oil-producing countries.

Sustainable Development Goals:

No Poverty

Responsible Consumption and Production

Decent Work and Economic Growth