Subnational Debt Management and Restructuring : Lessons from International Experience

In 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 th...

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Main Authors:	Kahkonen, Satu, Gooptu, Sudarshan
Format:	Proceedings
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	ECONOMIC ACTIVITY GOVERNMENT DEBT SUSTAINABILITY INFRASTRUCTURE RESTRUCTURING SUBNATIONAL DEBT MANAGEMENT
Online Access:	http://documents.worldbank.org/curated/en/2016/01/25771943/subnational-debt-management-restructuring-lessons-international-experience http://hdl.handle.net/10986/23668

id	okr-10986-23668
recordtype	oai_dc
spelling	okr-10986-236682021-05-26T09:05:19Z Subnational Debt Management and Restructuring : Lessons from International Experience Kahkonen, Satu Gooptu, Sudarshan Kahkonen, Satu Gooptu, Sudarshan ECONOMIC ACTIVITY GOVERNMENT DEBT SUSTAINABILITY INFRASTRUCTURE RESTRUCTURING SUBNATIONAL DEBT MANAGEMENT In 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. 2016-01-19T17:34:13Z 2016-01-19T17:34:13Z 2016-01 Proceedings http://documents.worldbank.org/curated/en/2016/01/25771943/subnational-debt-management-restructuring-lessons-international-experience http://hdl.handle.net/10986/23668 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ECONOMIC ACTIVITY GOVERNMENT DEBT SUSTAINABILITY INFRASTRUCTURE RESTRUCTURING SUBNATIONAL DEBT MANAGEMENT
spellingShingle	ECONOMIC ACTIVITY GOVERNMENT DEBT SUSTAINABILITY INFRASTRUCTURE RESTRUCTURING SUBNATIONAL DEBT MANAGEMENT Kahkonen, Satu Gooptu, Sudarshan Subnational Debt Management and Restructuring : Lessons from International Experience
geographic_facet	East Asia and Pacific China
description	In 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.
author2	Kahkonen, Satu
author_facet	Kahkonen, Satu Kahkonen, Satu Gooptu, Sudarshan
format	Proceedings
author	Kahkonen, Satu Gooptu, Sudarshan
author_sort	Kahkonen, Satu
title	Subnational Debt Management and Restructuring : Lessons from International Experience
title_short	Subnational Debt Management and Restructuring : Lessons from International Experience
title_full	Subnational Debt Management and Restructuring : Lessons from International Experience
title_fullStr	Subnational Debt Management and Restructuring : Lessons from International Experience
title_full_unstemmed	Subnational Debt Management and Restructuring : Lessons from International Experience
title_sort	subnational debt management and restructuring : lessons from international experience
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/01/25771943/subnational-debt-management-restructuring-lessons-international-experience http://hdl.handle.net/10986/23668
_version_	1764454485471526912

Subnational Debt Management and Restructuring : Lessons from International Experience

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