The G20 leading economy grouping should adopt more adventurous policies on lending to hard-hit developing nations to help overcome global divergence generated by Covid-19. That was a principal message from the joint National University of Singapore-OMFIF seminar on 26 July onDebt sustainability and the future: Rebooting development finance.
Professor Meghnad Desai, chairman of the OMFIF advisory council, said the world had to make the best of a shift away from orthodox monetary policies after the 2008 financial crisis. A time for demand for adventurous banking coincides with the supply of adventurous central bank lending. We can convey the benefits of adventurism to those who wish to use it, declared Desai, emeritus professor at London …
Read the full article at: https://www.omfif.org/2021/07/how-financial-adventurism-can-boost-debt-hit-nations/
