CGD in the News
How to stop governments borrowing behind their people’s backs (The Economist)
June 10, 2019
"In 2016 the government of Mozambique confessed to secret debts of $1.4bn, or 11% of GDP, mostly as loan guarantees for state-backed companies. Growth faltered, the currency slumped and foreign donors stopped contributing to the budget. The results have been 'devastating,' says Denis...