The brief called on the G20 to support several initiatives including data harmonisation, tax compliance and the development of
effective debt resolution frameworks.
Councillors met last week to look at different ways of enforcing a more
effective debt recovery policy without creating any new money woes for families living on the breadline.
Although the risk of falling into the Chinese debt trap is still low, with less
effective debt management capacity, the issue of the debt trap should not be overlooked.
Where real rates are negative (with nominal rates below the level of price increases), inflation would reduce
effective debt levels.
He also laid emphasis on need for improvements in the tax environment and
effective debt capital market management.
Non-interest revenue also moved up by 31 per cent to a|39.3 billon from a|29.9 billion in 2016, driven by improved fee and commission income, trading income and a more
effective debt recovery machine.
Effective debt management is critical to macro and financial stability, and financial and overall development.
"The acquisition financing required a creative solution given a short-term occupancy issue, and our team was able to overcome the underwriting hurdles and maximize leverage in order to achieve the most
effective debt structure for Greystar and PIMCO," said Mr.
Policymakers have to strike a delicate balance between supporting economic growth, mainly through increasingly less
effective debt stimulus, and tackling the long-term challenges of a large debt burden and excess capacity.
The quality of governance is vital for ensuring fiscal sustainability through comprehensive tax reforms and
effective debt management.
Effective debt management is necessary for developing a feasible and stable debt portfolio.
An
effective debt management strategy, however, will enable international rating agencies and investors to weigh the different aspects of the economic and social reforms occurring in the GCC.
