How do the SVB and Credit Suisse crises affect MENA?

The turmoil in the global banking sector could put currencies in North Africa under pressure if strains intensify and capital inflows dry up, which could hasten a sovereign default in Tunisia. For the Gulf economies, the fallout has already pushed down oil prices and, if this persists, it could slam the door shut on possible fiscal loosening and weigh on GDP growth prospects.

Drop-In (Today at 11:00 ET/15:00 GMT): Join this post-ECB briefing on how central banks will balance financial stability concerns following recent banking sector turmoil with the need to contain inflation. Register Now.