The Middle East Institute published on 7 March 2022 an analysis titled "Compounded Stress: The Impact of the War in Ukraine on the Middle East and North Africa" by Ferid Belhaj, World Bank vice president for the Middle East and North Africa.
The war in the Ukraine can have a compounding effect on food security and welfare across the Middle East and North Africa region. The major impacts will be on food price shocks, especially wheat, oil and gas price hikes, capital flight, remittances, and tourism. There can be no winners, although hydrocarbon exporters will experience some benefits.
