10 Nov 2009

MIDDLE EAST / PRIVATE SECTOR

A new World Bank report calls on the Middle East and North Africa region to strengthen the private sector, which will be vital to create the 40 million more jobs the region’s growing population will need over the next ten years. WORLD BANK

Posted at: November 10, 2009 10:13 am

Duration: 02:59

Available in: SD

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Full script

STORY:  MIDDLE EAST / PRIVATE SECTOR 
TRT: 2.59
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
                         
DATELINE: 9 NOVEMBER 2009, WASHINGTON DC / FILE

SHOTLIST:

FILE – JULY 2009, CAIRO, EGYPT

1. Close up, street scene,

FILE – JUNE 2008, AMMAN JORDAN

2. Med shot, youth in street

FILE – JULY 2009, SANAA, YEMEN

3. Wide, overview, Sanaa
4. Tilt down, mosque tower
5. Wide shot, market with cars & motorcycles passing by
6. Close up, men on motorcycles at a market

FILE – OCTOBER 2008, CAIRO, EGYPT

7. Med shot, olives falling off from conveyer belt
8. Wide shot, men working in olive plant

FILE – JULY 2009, KUREIMAT, EGYPT
	
9. Close up, digging machine
10. Med shot, man in solar structure 	
11. Tilt up, from men to solar structure

FILE – JUNE 2008, AMMAN JORDAN

12. Med shot, café,  June
9 NOVEMBER 2009, WASHINGTON DC

13. SOUNDBITE (English) Ritva S. Reinikka,  Report Author, World Bank:
"There has been a lot of economic reform in the Middle East and north Africa region, we examine that economic reform in detail in the report, what we also notice is that the private sector response has not been as strong as in some other emerging countries, like in Asia or Eastern Europe."

FILE – JUNE 2008, AMMAN JORDAN

14. Pan left, overview
15. Wide shot, mosque & city
16. Wide shot, street with cars and flags
17. Close up, men working on machine
18. Wide shot, men working on machine

9 NOVEMBER 2009, WASHINGTON DC

19. SOUNDBITE (English) Ritva S. Reinikka, Report Author, World Bank:
"In a detailed analysis based on enterprise surveys, what we find, is that there is actually a certain arbitrariness in the way many of the reforms and many of the policies, such as access to land, access to finance, regulatory policies, are being implemented.  So there is almost like two private sectors that have a different treatment."

FILE – JUNE 2008, AMMAN JORDAN
      
20. Med shot, family walking in street

FILE – OCTOBER 2008, CAIRO, EGYPT

22. Pan right, fork truck moving bags

9 NOVEMBER 2009, WASHINGTON DC

23. SOUNDBITE (English) Ritva S. Reinikka, Report Author, World Bank:
"In terms of recommendations, we really see a strong role for the government, how they are implementing the policies and really, making much more space for the private sector to come forward, to invest, to create the jobs."

FILE – OCTOBER 2008, CAIRO, EGYPT

24. Wide shot, plastics factory

9 NOVEMBER 2009, WASHINGTON DC

25. SOUNDBITE (English) Ritva S. Reinikka, Report Author, World Bank:
"A big role for the private sector itself, to demand reforms and that private sector that is not privileged at the moment, really come forward and have a voice in the dialog, and thirdly it is really important to have a partnership between the private sector and the government."

FILE – JUNE 2008, AMMAN JORDAN

26. Pan right, shopping parade

FILE – OCTOBER 2008, CAIRO, EGYPT

27.  Close up, bottles in glass factory
28. Wide shot, bottles on conveyor belt in glass factory

SCRIPT:

"Competition not privilege", "same rules for everyone", and "no supply if no demand"; these are among the key recommendations made in a new report on the Middle East and North Africa, where 40 million new jobs will be needed over the next decade.
  
The private sector produces most of the wealth in the countries of the Middle East and North Africa, outside of hydrocarbons and mining.

But despite its major role, this sector still falls short of transforming those countries into diversified, highly performing economies.

SOUNDBITE (English) Ritva S. Reinikka, Report Author, World Bank:
"There has been a lot of economic reform in the Middle East and North Africa region, we examine that economic reform in detail in the report, what we also notice is that the private sector response has not been as strong as in some other emerging countries, like in Asia or Eastern Europe."
The new report- released by the World Bank's MENA region, says that most countries of the Middle East and North Africa region have accelerated their reforms of the investment climate over the recent years, but the problem is with the insufficient response of private investors to these reforms, because they are not implemented equally to all and their credibility in the eyes of investors is weak.

SOUNDBITE (English) Ritva S. Reinikka, Report Author, World Bank:
"In a detailed analysis based on enterprise surveys, what we find, is that there is actually a certain arbitrariness in the way many of the reforms and many of the policies, such as access to land, access to finance, regulatory policies, are being implemented.  So there is almost like two private sectors that have a different treatment."

The MENA report proposes a three pillar strategy to help the region build a stronger foundation for the longer-term private sector-led growth needed to better deal with the global financial crisis:

SOUNDBITE (English) Ritva S. Reinikka, Report Author, World Bank:
"In terms of recommendations, we really see a strong role for the government, how they are implementing the policies and really, making much more space for the private sector to come forward, to invest, to create the jobs."

The report underscores similarly the importance of:

SOUNDBITE (English) Ritva S. Reinikka, Report Author, World Bank:
"A big role for the private sector itself, to demand reforms and that private sector that is not privileged at the moment, really come forward and have a voice in the dialog, and thirdly it is really important to have a partnership between the private sector and the government,"

A new private-public partnership around effective reforms, the report notes, will allow economies of the Middle East and North Africa to emerge stronger than before, when the economic crisis is over.

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