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  3. Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia

Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia

Posted By: arundhati
Date: 2 Sep 2023 01:21:10
Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia

Martin Melecky, "Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia "
English | ISBN: 1464816670 | 2021 | 196 pages | EPUB | 15 MB

The COVID-19 crisis, which has sent economies in South Asia and around the world into a deep recession, has highlighted South Asia's rising debt levels and sizable hidden liabilities. State-owned enterprises, state-owned commercial banks, and public-private partnerships have been at the center of the rising debt wave and the latest pandemic response. Historically, South Asia has relied on these direct public interventions more than other regions. The interventions have helped governments tackle key development challenges and rapidly deliver relief measures during crises. However, because of their inefficiencies and weak governance, the interventions are also a significant source of public indebtedness and macrofi nancial risks.
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