Here We Go Again? Why the Lender of Last Resort has Become a Regular Lender in MENA

Writers: Timothy Kaldas, Hussein Cheaito, Sarah Saadoun, Nabil Abdo

While the IMF is meant to serve as a lender of last resort offering short term stabilization programs, for many MENA countries, the Fund is becoming a regular source of financing with several consecutive loan programs undertaken. This panel seeks to explore some of the reasons why IMF programs often fail to put MENA countries on a sustainable path of economic development that reduces inequalities. It will suggest ways for the IMF to meaningfully change its approach to the region and integrate more country-specific data, while engaging a wider array of stakeholders in order to successfully support countries of the region on the path of economic transformation.

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