War in Ukraine raising risks for Mideast, World Bank warns ...Saudi Arabia

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War in Ukraine raising risks for Mideast, World Bank warns
Author: Mohamad Ali Harissi | AFPID: 1649938987444415700Thu, 2022-04-14 15:26 DUBAI: The war in Ukraine has “multiplied risks” for the Middle East and North Africa’s poorer countries by raising food and energy prices, the World Bank said Thursday, warning of potential social unrest. In its latest update to its MENA growth forecast, the development lender said inflationary pressures set off by Covid-19 “are likely to be exacerbated” by Russia’s invasion. “The threat of Covid-19 variants remains and the war in Ukraine has multiplied risks, particularly for the poor,” the World Bank’s MENA vice president, Ferid BelHajj, said in the report, titled “Reality Check.” World Bank president David

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