The Arab Stabilization Plan or ASP is a direct policy response to the job crisis facing the Arab World. The population of the Arab world is about 355 million of which there are approximately 17 million people unemployed. This unemployment in the Middle East and North Africa has been a central driver of recent instability. The population of the Arab World is increasing and is estimated to reach 500 million by 2025 and an estimated 85 million jobs are required in the next ten years. The jobs crisis is at a tipping point and needs to be addressed urgently. Direct investment into infrastructure-related projects could provide millions of jobs while providing critical services to the population. The World ...Read More
The ASP is different because it will focus directly on job creation through critical private or public-private infrastructure investments. It is complementary to the economic framework developed by the G8 / Deauville Partnership that is aimed at providing loans and technical support channeled through international institutions….. Read More
The unemployment rate in the MENA region is twice the rate of the global average and is increasing, according to a recent report by the International Labour Organisation (ILO).According to the ILO Global Employment Trends for Youth Report 2013, the rates in the Middle East….. Read More
The ASP would likely have a diversified financing base including possibly sovereign wealth funds, governments, private investors as well as partnering on a project level with International Financial Institutions. It would be led by a Governing Board, including investor and target countries at Finance Minister level,….. Read More
"The job ahead is not simply to rebound. We must spur new growth. Our region's single greatest economic crisis - youth unemployment - pleads for action, double action: immediate relief, to meet urgent needs; and inclusive, high-growth strategies that can produce millions-more jobs we must have, soon."