TitleMunicipal Debt: Defusing the Simmering Local Government Debt Crisis |
TimeMar. 27th 15:15 - 16:30 |
PlaceICC, Level 1, Dong Yu Grand Ballroom B |
Description - Local governments worldwide borrow money to finance deficits. There’s nothing wrong about that. However, some countries like the United States, can largely maintain a healthy balance sheet, while others, such as Latin American economies, are plagued with protracted debt crises. What makes the difference? |