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AfricaNovember 2 2020

IFC encourages the private sector in the Middle East and Africa

Sérgio Pimenta, vice-president for the Middle East and Africa at the International Finance Corporation, on Covid-19’s lasting impact on economies in the two regions, as well as the crucial role the private sector can play in rebuilding a better future.
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Q: How will the Covid-19 pandemic affect economies in the Middle East and north Africa (MENA) region in the longer term?

A: Even before the pandemic, economic growth in the region was already quite modest and it is clear that the pandemic will have a severe and lasting impact. When we look at the medium term, we need to think about the structure of the economies in the MENA region and how they can evolve.

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