The case for high quality productive assets in an era of increasing government debt distress

Jonathan Stilwell and Nick K. Kolev ()
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Nick K. Kolev: FirstRand Bank

Development Finance Agenda, 2023, vol. 8, issue 9, 6-8

Abstract: The number of developing country governments facing debt distress has increased considerably and continues to rise, posing significant risks to the countries’ long-term development and to the global financial system. To help address this challenge, financial market reforms incentivizing the allocation of capital toward high quality productive assets should be encouraged by governments, macroprudential regulators, the development community and market participants alike.

Date: 2023
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