Lebanon is facing the worst economic and financial crisis of its recent history, driven by major macro-fiscal and financial imbalances. Currency deprecation, hyperinflation, depletion of foreign currency reserves, banking sector impairment and twin deficits continue to hamper prospects for economic recovery.
– What are the experiences and good practices of countries that have faced comparable challenges?
– How Public Financial Management systems and instruments such as assessments, fiscal rules, budgeting, and others, can play a role in mitigating and later exiting the crisis and pave a sustainable way forward?
Natalie Jaresko, Former Ukraine’s Minister of Finance and Yomna Akram Khattab, Former Deputy Minister of Finance for Fiscal Policies in Egypt share their respective countries, experiences in responding to financial crisis and tackle with Alia Moubayed the role of PFM systems and instruments in mitigating and exiting crisis.
Watch this IOF_talk now.