Middle East and North Africa

The Middle East and North Africa (MENA) region is currently navigating a complex landscape marked by escalating migration risks and significant economic pressures. Despite efforts like the Global Compact for Migration, shifting migration routes are making journeys more perilous, as highlighted by the IOM Regional Director for MENA. Concurrently, the region is experiencing the ripple effects of global economic instability. The IMF has lowered its global growth forecast, attributing this partly to surging oil, gas, and fertilizer costs, which disproportionately impact countries closest to conflict zones, such as those affected by the Hormuz blockade. These tensions, particularly between the US and Iran, are driving up energy prices and contributing to higher global inflation. The MENA region's relevance is underscored by its critical role in global energy markets and its position as a key transit and destination area for migrants, making its stability and economic health crucial for both regional and international well-being.