What does "ill afford + noun" mean?

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Nov 21, 2017 06:01
What does "ill afford + noun" mean?
In the Economist's article, it says "The world can ill afford instability in the biggest oil exporter, the largest Arab economy and the home of Islam’s two holiest sites."
Does that mean the world can ill afford to be instabilized by the biggest oil exporter? (Saudi Arabia)