Aid and power in the Arab world

by Jane Harrigan

One of the key€elements of the€globalisation process in the Middle East and North Africa (MENA) is€the provision of finance by the International Monetary Fund and the World Bank, in return for programmes of economic liberalisation which open up recipient economies to the global economy. Several of these recipient countries have been hailed by the institutions as successful reformers, and the growth observed has been regarded as a result of these reform programmes. However, the link between international€finance projects and economic reform and growth€is not€always straightforward. This book presents€the argument€that€many of the affected€MENA countries have not been as succesful as often claimed, and that growth in€the one unequivocal success story - Tunisia - was more the result of€a strong state-led development programme than€IMF and World Bank programmes. This book€explores the political motivations for IMF and World Bank funding in MENA looking at both geo-politics and domestic pol