At the ongoing World Economic Forum (WEF) Summit on the Global Agenda, experts from different economic bodies said Tuesday that the post-turmoil Arab world has to find the means to create sufficient jobs for its fast growing population.
At a discussion panel on the Middle East and North Africa’s ( MENA) response to growth challenges, five experts from different regional and international economic institutions agreed that the Arab world has yet to transform its fast growing population and its common language into added values and improve the living standard for its mostly young population.
Masoud Ahmed, the International Monetary Fund (IMF) director for the MENA region and Central Asia said that in 2011, Egypt saw 750,000 young people entering the labor market, but only 200,000 jobs were created, leaving more than half a million youngsters unemployed. “A young population striving for growth and change is a country’s gift but it is also its burden,” said Ahmed.
At a discussion panel on the Middle East and North Africa’s ( MENA) response to growth challenges, five experts from different regional and international economic institutions agreed that the Arab world has yet to transform its fast growing population and its common language into added values and improve the living standard for its mostly young population.
Masoud Ahmed, the International Monetary Fund (IMF) director for the MENA region and Central Asia said that in 2011, Egypt saw 750,000 young people entering the labor market, but only 200,000 jobs were created, leaving more than half a million youngsters unemployed. “A young population striving for growth and change is a country’s gift but it is also its burden,” said Ahmed.
