MIDDLE EAST MIDDLE EAST Gordon Platt Global Finance May 2009 23

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MIDDLE EAST MIDDLE EAST Gordon Platt Global Finance May 2009 23 Powered By Docstoc
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Gordon Platt
Global Finance; May 2009; 23, 5; Docstoc
pg. 12




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Description: The real liquidity crisis in the Middle East, as well as in parts of Asia and Africa, is the shortage of water, according to a report by Standard Chartered Bank. Consumption of fresh water must be strictly limited to the most productive uses, it says. The construction of a desalination plant to provide water to the capital would be the ideal solution to Jordan's chronic water scarcity, according to the Jordan Engineers Association. The current economic turmoil and fiscal stimulus provide a great opportunity to tackle water-related problems, according to Standard Chartered.
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