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Economic Reform and Growth in Middle East: Obama on the EBRD and Other Smart Proposals

This is a joint post with Lawrence MacDonald.

Even an avid consumer of the news and commentary on Obama’s speech on the Middle East yesterday could easily miss his proposals for supporting job-creating economic growth and development in the region. But long after we have forgotten the media bluster over a possible shift (or not!) in U.S. policy towards Israel and Palestine, the president’s seemingly modest suggestions on development just might be making a difference.

The one that intrigues me most involves putting the European Bank for Reconstruction and Development to work in the Middle East and North Africa.