In a world of stagnating public aid, limited fiscal space, and rising public debt in low-income countries, can they realistically expect to rely more on private finance from foreigners?
I’ve been given two kinds of arguments in support of not borrowing for social sector projects. The first is about their ability to repay the borrowing by generating enough foreign exchange. And the second is skepticism about the productivity of government spending in these areas. Let me ...
When the G20 ministers of finance and central bank governors meet in early June, adoption of the Principles for Debt Transparency recently promulgated by the Institute of International Finance will be on the agenda.