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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. ....

American University , Al Qahirah , Burkina Faso , Marrakech Tensift Al Haouz , Nahr An Nil , Comunidad Autonoma De Cataluna , Sierra Leone , 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 , 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 ,