RBI Governor Shaktikanta Das Shares Solution For Countries In Debt Distress
NDTV
"In this endeavour, Multilateral Development Banks (MDBs) could catalyse private sector investment through risk-sharing mechanisms,"Shaktikanta Das said.
Stating that high and unsustainable debt levels have severely constrained the fiscal capacity of many countries, Reserve Bank of India Governor Shaktikanta Das on Friday pitched for a global debt data-sharing platform as part of the solution.
At a seminar held under the G20 Finance Track National Event titled 'Global Economy: Challenges, Opportunities and Way Forward' organised by the Ministry of Finance and the Reserve Bank of India, Mr Das, while explaining the benefits of global public goods said, risk sharing should be an important design element in fostering private financing for global public goods.
"In this endeavour, Multilateral Development Banks (MDBs) could catalyse private sector investment through risk-sharing mechanisms," Shaktikanta Das said.
