Public debt across the Middle East and North Africa — or MENA — region is soaring. While debt vulnerability is a global phenomenon, recent data shows four MENA economies — Egypt, Tunisia, Bahrain, Jordan — are among the emerging markets most vulnerable to a debt crisis.

In a special podcast episode, Devex President and Editor-in-Chief Raj Kumar is joined by Niranjan Sarangi, a senior economic affairs officer in the shared economic prosperity cluster at the U.N. Economic and Social Commission for Western Asia, and Sarah Saadoun, a senior researcher working on poverty and inequality at Human Rights Watch, for an in-depth discussion on the politics of economic reform in the MENA region.

Speaking on the sidelines of the World Bank and International Monetary Fund annual meetings in Marrakech, Morocco, they discuss what’s behind the current debt situation, how it’s affecting ordinary people’s lives, the impact of IFI programs on the expansion of social protection systems, and the region’s evolving climate finance needs.

This episode of This Week in Global Development is sponsored by Open Society Foundations.