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World Bank: Arab countries lost $900bn in economic opportunities due to wars

A man draws a painting on the wall of University of Sana'a to react to the ongoing war in the country in Sana'a, Yemen on March 15, 2017. ( Mohammed Hamoud - Anadolu Agency )

A senior Work Bank official said that wars that broke out between 2010 and 2018 in many Arab countries have caused at least $900 billion in lost economic opportunities.

The World Bank Group’s senior vice president for the 2030 development agenda, Mahmoud Mohieldin did not name specific countries but referred to the Arab Spring of 2011 followed by wars in Yemen, Syria and Libya.

According to the official, these countries witnessed armed conflicts that caused physical destruction and missed development opportunities that affected their economic development.

READ: Abbas seeks unconditional funds from World Bank

LibyaMiddle EastNewsSyriaWorld BankYemen
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