Countries suffer when credit rating agencies lack data: How to fix the problem at source
Some developing country governments spend years making the reforms that international financial institutions want—only to find that their efforts are not rewarded. They may make budgets more transparent, publish their debt obligations, set up independent bodies to monitor government spending, and co...
Image: Phys.org
Some developing country governments spend years making the reforms that international financial institutions want—only to find that their efforts are not rewarded. They may make budgets more transparent, publish their debt obligations, set up independent bodies to monitor government spending, and complete an International Monetary Fund program, but still receive the same ratings from credit agencies. Borrowing costs remain high.
Originally published at Phys.org
