Publication:
Subnational Debt Management and Restructuring: Lessons from International Experience

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dc.contributor.authorKahkonen, Satu
dc.contributor.authorGooptu, Sudarshan
dc.contributor.editorKahkonen, Satu
dc.contributor.editorGooptu, Sudarshan
dc.date.accessioned2016-01-19T17:34:13Z
dc.date.available2016-01-19T17:34:13Z
dc.date.issued2016-01
dc.description.abstractIn the aftermath of the global financial crisis, policymakers around the world are focusing once again on government debt sustainability. In China, subnational government debt is an important part of total government debt, and therefore deserves the attention that policymakers have paid to the topic. Subnational debt has played an important role in financing China’s impressive infrastructure that is the envy of the world. And subnational debt was instrumental in the economic stimulus that China so effectively staged after the global financial crisis, through which China maintained high levels of economic activity. This e-book starts with a summary and presentation of the Chinese perspective on this subject of subnational debt in session one. Session two introduced some international cases which are highly relevant to the current situation in China. Session three brought these international case studies and experts’ perspectives together to arrive at syntheses that narrowed down key issues which China needs to consider going forward in subnational debt management and restructuring. The roundtable discussion among international and Chinese experts on the way forward for China in session four provided an illuminating discussion of this issue. The author hope that this will inform specific policies that will be formulated to help local governments in China manage their subnational debts.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/01/25771943/subnational-debt-management-restructuring-lessons-international-experience
dc.identifier.doi10.1596/23668
dc.identifier.urihttps://hdl.handle.net/10986/23668
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectECONOMIC ACTIVITY
dc.subjectGOVERNMENT DEBT SUSTAINABILITY
dc.subjectINFRASTRUCTURE
dc.subjectRESTRUCTURING
dc.subjectSUBNATIONAL DEBT MANAGEMENT
dc.titleSubnational Debt Management and Restructuringen
dc.title.subtitleLessons from International Experienceen
dc.typeProceedingsen
dc.typeProcédurefr
dc.typeActases
dspace.entity.typePublication
okr.crossref.titleSubnational Debt Management and Restructuring: Lessons from International Experience
okr.date.disclosure2016-01-11
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2016/01/25771943/subnational-debt-management-restructuring-lessons-international-experience
okr.guid814051468001487842
okr.guid958141467988878267
okr.identifier.doi10.1596/23668
okr.identifier.externaldocumentum090224b08405b94f_2_0
okr.identifier.internaldocumentum25771943
okr.identifier.report102612
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/01/13/090224b08405b94f/2_0/Rendered/PDF/Subnational0de0rnational0experience.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.sectorPublic Administration, Law, and Justice
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.themeSocial protection and risk management :: Social Protection and Labor Policy Systems
okr.themeEconomic management :: Analysis of economic growth
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.topicPublic Sector Development
okr.topicMacroeconomics and Economic Growth::Subnational Economic Development
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicGovernance::National Governance
okr.unitGMF- East Asia (GMF02)
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