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UID:30871@arabamerica.com
DTSTART;TZID=America/Detroit:20230414T100000
DTEND;TZID=America/Detroit:20230414T110000
DTSTAMP:20230411T175419Z
URL:https://www.arabamerica.com/events/the-political-economy-of-debt-and-a
 djustment-in-tunisia-egypt-and-lebanon/
SUMMARY:The political economy of debt and adjustment in Tunisia\, Egypt\, a
 nd Lebanon
DESCRIPTION:ONLINE EVENT\n\nSeveral countries in the MENA region have been 
 facing financial crises of unprecedented gravity. The MENA Commission on S
 tabilization and Growth Report describes how debt ratios started rising af
 ter the Arab Uprisings as fiscal policies became more expansionary\, and h
 ow this was further precipitated by the COVID-19 pandemic\, the Ukraine wa
 r\, and the rise in global interest rates. The financial crises are especi
 ally acute in Lebanon\, Egypt\, and Tunisia\, where external shocks have e
 xacerbated deeply embedded structural weaknesses. The three countries have
  lost access to international capital markets\, and financial pressures ar
 e leading to devaluation\, fiscal austerity\, and inflation.\n\nThe discus
 sion will focus on the politics of internal and external adjustments. How 
 are these countries managing the crisis and considering distributing the b
 urden of adjustment internally? What is the role of international financia
 l institutions in these cases? How has the rise of the GCC impacted the oi
 l importers in the region? What effects are adjustment policies having on 
 state-society and state-business relations? What are the geopolitical impl
 ications of the debt crisis for the region? The Middle East Institute and 
 the Malcolm H. Kerr Carnegie Middle East Center are pleased to invite an e
 xpert panel to discuss the latest report from the Finance for Development 
 Lab and probe these questions.\n\nRead the MENA Commission on Stabilizatio
 n and Growth Report here\n\nSpeakers\n\nIshac Diwan\nDirector of Research\
 , Finance for Development Lab\, Paris School of Economics \n\nTimothy Kal
 das\nDeputy Director\, Tahrir Institute for Middle East Policy \n\nMirett
 e F. Mabrouk\nSenior Fellow and Founding Director of the Egypt Program\, M
 iddle East Institute \n\nHamza Meddeb\nFellow\, Malcolm H. Kerr Carnegie 
 Middle East Center \n\nPaul Salem\, moderator\nPresident &amp\; CEO\, Mid
 dle East Institute 
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CATEGORIES:Discussion,Lecture
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