An interview with Dr. Reza Baqir, Senior Fellow, Harvard Kennedy School and Managing Director and Global Practice Leader for Sovereign Advisory Services, Alvarez and Marsal. He answered questions on the three important points he would like the readers to know about the state of sovereign debt in a presentation discussing a report on "Stabilization and Adjustment: Towards Inclusive and Sustainable Policies in MENA".

The ERF and FDL regional report was launched in October 2022 in Washington DC, on the margin of the World Bank/IMF Annual Meetings. The report on Stabilization and Adjustment in MENA, focusing on the oil importing middle-income countries of the region: Egypt, Lebanon, Tunisia, Morocco, Sudan, and Jordan. The main objective is clarify the macro-economic risks related to external and internal balances (and the sustainability of public and external debt), and to propose an overall strategy to tackle these risks, trying to find a balance between austerity and innovative growth measures.

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