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Aboul Gheit warns of growing unemployment and poverty in the Arab region and calls for digital transformation

The Secretary-General of the League of Arab States, Ahmed Aboul Gheit, participated in a celebration marking the launch of the unified Arab economic report, the first of its kind, where he stressed its importance as one of the most important areas of cooperation between joint Arab action institutions.

In his speech during the celebration, Aboul Gheit said that the unified Arab economic report is a fruit of cooperation between the General Secretariat of the League of Arab States, the Arab Monetary Fund, the Arab Fund for Economic and Social Development, and the Organization of Arab Petroleum Exporting Countries (OAPEC), explaining that it is the first reference in the Arabic language for The economies of the Arab countries, and their basic indicators.

The Secretary-General added that Arab economies, like their counterparts in the world, are recovering with difficulty from the heavy consequences of the Corona pandemic, and the structural problems associated with Arab economies remain, explaining that the most serious of these problems is the high rates of poverty and unemployment, and the dwindling of industrial exports. of high added value.

He pointed out that 40% of the population of the Arab region live below the poverty line, 15% of the poor suffer from extreme poverty, and the unemployment rate has exceeded 16%, which is much higher than the global average of 5.4%.

He added that most of those who suffer from unemployment are young people who enter the labor market for the first time, which increases the impact of this crisis, explaining that Arab economies suffer from a clear defect in absorbing newcomers and achieving high levels of employment, and that the needs of the labor market are still separate. about education.

He added, "Indicators of multidimensional poverty have deteriorated over the past ten years, despite clear efforts made by Arab governments in terms of comprehensive development and improving human development indicators in many Arab countries. Responding to poverty challenges requires adopting innovative development models based on providing equal opportunities for females and males." and for urban and rural residents alike.

Aboul Gheit called on those interested to read the report carefully, especially that it does not only review problems, but rather seeks to propose solutions and highlight important ideas and initiatives at the global level, explaining that the main axis of this year's report is the digital economy and its important role in comprehensive growth and wealth generation.

He praised the steps taken by some Arab countries towards digital transformation, but the Arab situation in general still requires great effort in order to establish the digital infrastructure, as well as the institutional structure, and the knowledge required to achieve a breakthrough in this field, which has become one of the most important generators of growth in the world today.

He pointed out that digital technology offers tremendous potential to improve health and education services, reduce inequality of opportunities, achieve comprehensive economic growth, and stimulate innovation, all of which are elements that our Arab economies need to achieve balanced and sustainable growth that provides equal opportunities to the largest number of the population.