Lebanon and the IMF

If one happens to be a government, which by global financial concord cannot go bankrupt, states can very well fall into this or that debt trap and run up a debt to GDP ratio that far exceeds the 80 or 100 percent that little more than a decade ago were theorized to be the limit of sound economic health. In such situations, instead of tightening the belt and suffering in poverty, a contemporary government is more likely to take the collections bowl – along with a huge stack of paperwork, statistics, and reform plans – on the road.Yet instead of presenting cases to international investors (like a friends-of-Lebanon bash, private equity fundraiser, or public-private partnership roadshow) at a self-organized or just any IFI conference, a destitute government in the global capitalist age under Western hegemony will migrate to a meeting such as the annual spring meeting of the International Monetary