The Impacts of the International Financial and Economic Crisis on ESCWA Member Countries: Challenges and Opportunities Skip to main content

The Impacts of the International Financial and Economic Crisis on ESCWA Member Countries: Challenges and Opportunities

Symbol: 
E/ESCWA/EDGD/2009/Technical Paper.3
Issued in: 
2009

The unfolding international financial and economic crisis is undoubtedly a foundational historical event. The crisis has reverberated throughout the member countries of the Economic and Social Commission for Western Asia (ESCWA) in the form of a sharp decline in stock markets activity. Almost all financial, economic and social sectors have been adversely affected by the crisis.

Nevertheless, the current crisis should serve as an occasion for bold and decisive policies by ESCWA member countries.