The political economy of debt and adjustment in Tunisia, Egypt, and Lebanon

Several countries in the MENA region have been facing financial crises of unprecedented gravity. The MENA Commission on Stabilization and Growth Report describes how debt ratios started rising after the Arab Uprisings as fiscal policies became more expansionary, and how this was further precipitated by the COVID-19 pandemic, the Ukraine war, and the rise in global interest rates. The financial crises are especially acute in Lebanon, Egypt, and Tunisia, where external shocks have exacerbated deeply embedded structural weaknesses.

Related Keywords

Tunisia , Guinea , American University , Al Qahirah , Egypt , Burkina Faso , Tunis , S26 , Italy , Liberia , Menara , Marrakech Tensift Al Haouz , Morocco , Libya , Ghana , Nile , Nahr An Nil , Sudan , Ethiopia , Barcelona , Comunidad Autonoma De Cataluna , Spain , Cairo , Algeria , Sierra Leone , Yemen , Ukraine , Masr , Lebanon , Beirut , Beyrouth , Lebanese , Libyan , Timothy Kaldas , Ross Harrison , Timothye Kaldas , Hamza Meddeb , Paul Salem , Charles Lister , Ishac Diwan , Mirettef Mabrouk , Jean Monnet , Nile University , Rafik Hariri Center , Carnegie Middle East Center , Bloomberg , Development Lab , Mediterranean University , European Council On Foreign Relations , Commission On Stabilization , World Bank Country , Autonomous University Of Barcelona , Research For The Finance Development Lab , Economic Research Forum , Cnn , Protection Of Basic Services Program , Harvard Kennedy School , Paris School Of Economics , Directions Program , Brookings Institution , Munathara Initiative , Rise Of Local , Tahrir Institute For Middle East , Atlantic Council , Egypt Program , Institute Egypt , Lebanese Center , European University Institute , Malcolmh Kerr Carnegie Middle East Center , Growth Report , Arab Uprisings , Middle East Institute , Paris School , Tahrir Institute , Middle East Policy , Founding Director , Visiting Scholar , Harvard Kennedy , Chair Socio Economy , Arab World , Paris Sciences , World Bank , Country Director , Productive Safety Net , Basic Services Program , West Africa , Political Economy , Middle East , Egypt Studies , Cairo Press , Daily Star Egypt , Daily News Egypt , Foreign Policy , Sky News , Wall Street Journal , Christian Science Monitor , Something Completely Different , Arab Media , Own Little Revolution , Rethinking Egypt , South Mediterranean University , Middle East Directions Program , European Council , Foreign Relations , Precarious Resilience , Libyan Predicament , Peripheral Vision , How Europe Can Help Preserve Tunisia , Fragile Democracy , Local Forces , Tunisian Libyan Border , Deputy Director , Autonomous University , Mada Masr , World Politics Review , Conflict Trap , Toward Ending Civil Wars , Fuel Armed Non State Actors , From Chaos , Toward Regional Order , Broken Orders , Arab Futures , Cairo Review Spring , Recurring Rise , Bitter Legacy , Conflict Resolution , Fares Foundation , Policy Studies ,