Authors: Andrés Arauz, Rami Kiwan, Nihal El Aasar, Mohamed El Dahshan, Barik Schuber In 2021, the IMF issued and distributed $650bn worth of Special Drawing Rights (SDRs) during the COVID-19 pandemic. This study explores the unique characteristics of SDRs and provides an overview of the role of SDRs in the MENA region. Using four countries as case studies (Egypt, Iraq, Leban
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The global target for climate warming has been set, this paper briefly discusses what caused global warming, gives samples of its major impacts, and how the world’s nations are dealing with them. The year 2019, is the year I became interested in environmental problems, and it is the year when COVID-19 broke out. For a moment, I thought the two problems were alike; they were
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1 December 2021; Baghdad - As Iraq becomes a Party to the Paris Agreement, the United Nations in Iraq is calling for solidarity with and support to people in Iraq in their efforts to confront climate change. Traditionally known as "the land between two rivers" or Mesopotamia, lush and fertile, Iraq is increasingly experiencing extreme climate events, compounding environmenta
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Introduction Chairman Addison, thank you for your remarks. And thank you, Governors, Kristalina, and distinguished guests for joining us today. I wanted to provide an update on what the World Bank Group (WBG) has accomplished since last year’s Annual Meetings, particularly our response to COVID-19 and progress made on debt transparency. The COVID-19 pandemic’s toll has be
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Last weekend’s agreement notwithstanding, international cooperation over oil output stands to be short-lived as the short- and medium-term battles for market share intensify. Over the course of the Easter weekend US President Donald Trump succeeded in brokering a deal between Russia and Saudi Arabia which seemingly brought to an end the impasse in the Opec+ group over oil ou
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