The COVID-19 crisis is unprecedented, and is hitting the Mediterranean region that is already weakened. This Brief focuses on the economic impact of the financial crisis of COVID-19 on the Southern countries of this region with a focus on employment, growth, poverty and inequalities of income.
The authors first analyse the dynamics at hand in the onset of the international financial crisis, as well as its transmission mechanisms for the economies of emerging countries. They then identify some levers of action that would allow Southern countries to access the funding required at the short term and medium term, which are necessary to achieve the SDGs.
The recent coronavirus crisis threatens the health, economies and societies of all countries. In Southern and Eastern Mediterranean countries, the fight against the pandemic is even more complicated. Cooperation and EU-Med strategies in key sectors are needed. Therefore, the Center for Mediterranean Integration (CMI) and FEMISE join forces and launch their joint series of Policy Briefs called “COVID-19 MED BRIEFS” to pave the way for thematic analyses and policy relevant recommendations.