"The application of the Gap Law will have important macro-financial implications. To evaluate its impact and feasibility, one must examine the magnitude of its fiscal cost and whether it leaves sufficient space for other key fiscal responsibilities—particularly reconstruction and recovery expenditures and the servicing of restructured Eurobonds."
Read our latest "A Financial Analysis of the Draft Gap Law" by IFI University Fellow @ishacdiwan, Mathilde Barras, Maïa Debs, and Clemens Graf von Luckner, as the Lebanese government's proposed draft law continues to stir heated debate and Parliament starts its review of the draft.
🔗https://t.co/DPjoDJVcj0
Foreign Affairs Magazine’s Post
"In a 2023 essay, Branko Milanovic discussed the history of global inequality—and explained why, even as the world grows more equal, gulfs in income and lifestyle in the West will only become more pronounced."
https://t.co/sDyKPkENQV
"Even after a Gap Law passes Parliament, the challenge of implementation will be lengthy. But at least, Lebanon will be finally on a road that can lead to economic recovery. This can only help the country deal concurrently with its existential challenges on the security and political reform fronts."
Amidst the heated discussion on the fiscal gap law and the possibility of it being passed by parliament soon, reread the latest Analysis by our University Fellow @ishacdiwanon: "On the Way Out of Lebanon’s Triple Crisis" here: https://t.co/oCBOhgKKx8
📜"We seem to be nearing the end of the 'war of positions' that has characterized the past six years, pitting the ABL, BdL Treasury, Parliament, and the public, all mediated by a polarizing media. Some implicit consensus seems to have emerged, which some observers are starting to call a financial Taef."
Read the latest Analysis by our University Fellow @ishacdiwan on: "On the Way Out of Lebanon’s Triple Crisis" here: https://t.co/yw5pDoN8ee
📍Happening now at the Institute: panel discussion on: "What kind of recovery? Quick wins and short term paths out of the crisis" as part of the recently launched "Lebanon: Towards a Productive Economy" Seminar Series, with Saade Chami, Tania El Kallab, Sandeep Mahajan, Ramzi El Hafez, moderated by @ishacdiwan.
👉🏽Watch the event live on YouTube here:
🔗https://t.co/4F4LoTszFz
📰"There is no question that in the medium-to-long term, Lebanon’s economic growth will be highly dependent on raising competitiveness. This involves at least four mighty dossiers: improving the security situation, restarting the financial sector, reducing public debt, and resolving the electricity shortage."
Read the latest on our policy blog "Short Term Priorities for Economic Recovery in Lebanon" by IFI University Fellows @ishacdiwan and Ibrahim Jamali, here👇🏽
🔗https://t.co/acYSIgbnB0
If the South Africa @g20org cannot broker cooperation between the Global North and South on debt distress in developing countries, the opportunity to resolve today’s debt crisis may be lost for a generation, @ishacdiwan and @SongweVera warn. https://t.co/IO3YDjgVb6
Join us TOMORROW for a discussion on: "What kind of recovery? Quick wins and short term paths out of the crisis" as part of the recently launched "Lebanon: Towards a Productive Economy" Seminar Series, with Saade Chami, Tania El Kallab, Sandeep Mahajan, Ramzi El Hafez, moderated by @ishacdiwan.
📅Tuesday, September 23, 2025
⏰3:30-5:00 PM
📍IFI Conference Room (4th Floor).
👉🏽Read more on short term priorities for economic recovery in Lebanon in @ishacdiwan and Ibrahim Jamali's latest on the institute's policy blog here:
🔗https://t.co/acYSIgbnB0
👉🏽You can also watch the event live on YouTube here:
🔗https://t.co/WR9ximbdRA
🔴Global debt servicing now averages over three times public education spending. In 116 countries — home to 6.1 billion people — governments spend more on debt than on education. 📉📚
At the upcoming 4th International Conference on Financing for Development, UNESCO Assistant Director-General for Education Stefania Giannini will spotlight the role of debt and explore innovative #FundEducation solutions.
#FFD4 is opening the door to a new international financing architecture and cross-cutting opportunities for #LeadingSDG4 — and it’s just the beginning.
https://t.co/jOlupDoNgj
#FinancingOurFuture
🔔REMINDER: @ICRICT at #FfD4 Sevilla
@JoseA_Ocampo & @Jayati1609: From Agreement to Impact: A Full Dialogue with the International Commission of Experts on Financing for Development.
📅30/06
⏰14:30
📍FIBES, Room 13
Our complete agenda here:
🇻🇦Last week, IFI Associate Fellow @ishacdiwan took part in the official launch of "The Jubilee Report: A Blueprint for Tackling the Debt and Development Crises and Creating the Financial Foundations for a Sustainable People-Centered Global Economy."
Led by the Pontifical Academy of Sciences @CasinaPioIV and @Columbia's @Policy_Dialogue, the report by over 30 global experts, including Diwan, called for urgent action and systemic reforms to tackle the escalating debt and development crises. Chaired by @JosephEStiglitz, the report was commissioned by Pope Francis, whose calls for the moral responsibility to act are now carried forward by Pope Leo XIV.
#JubileeReport #Jubilee2025 #TurnDebtIntoHope
🔗Read more about the Commission here: https://t.co/DkofyvVJU7
📜Read the full report here: https://t.co/3gMIYOKUIz
#DYK education accounts for 50% of global economic growth and 40% of the reduction of extreme poverty since 1980?
At #FfD4, UNESCO Assistant Director-General for Education @SteGiannini calls for a bold rethink of education financing — as the global community reimagines the international financial architecture for development.
Check out how to convert debt for education: https://t.co/N7j4qVuXBb
#FundEducation #LeadingSDG4 #FinancingOurFuture
@JosephEStiglitz@Martin_M_Guzman We were honoured to contribute to this report alongside the Vatican and more than 30 prominent economists worldwide, including Joseph Stiglitz and Martín Guzmán, to present a bold and actionable plan for reforming our global financial system.
🇱🇧 Quelles conditions pour un redémarrage économique au #Liban ?
Souveraineté, réformes, pression étrangère : que faut-il vraiment pour avancer ?
📍 Paris, 24 juin – 19h
Avec @ishacdiwan & @SamirAita
�� RSVP → https://t.co/8nsLrdUk7c
📜Read our latest Working Paper on: "Lessons from the 2019 Social Movements of the MENA Region" by @aub_lebanon Economics Professor and IFI Associate Fellow @ishacdiwan and the research fellow at the @MiddleEastInst and @ArabReform_ARI@AmelBoubekeur. The paper explores the 2019 social movements that swept across #Algeria, #Iraq, #Lebanon, and #Sudan—movements that, while failing to achieve immediate regime change, unleashed transformative social and political dynamics across the #MENA region.👇🏽
🔗https://t.co/V0QEHUB3QL