Angel Gurría, Secretary-General of the OECD
The world is going through hard times. Though there are some signs of an economic recovery, global confidence remains fragile. From the economic and social crisis to climate change, natural disasters and conflict, rarely in modern history have we faced such a testing period.
The crisis has taught us many lessons, about our policies, our practices and our ways of life. But if there is one lesson that stands out, it is the importance of international co-operation to help us overcome the challenges we face.
Even before the crisis struck, the MENA region faced difficulties, but with growth and investment reeling from the global downturn, the situation has become urgent: millions of new jobs will be needed for the MENA region's expanding population over the next decade. With annual growth rates that averaged 6% in previous years set to fall to closer to 2-3% this year and foreign direct investment inflows into parts of the region plunging by an estimated 30%, governments need to work hard to attract investment by domestic, regional and international companies.
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