DebtTalks

Episode 12. Rating the future: debt, growth and Europe’s economic path

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Apr 15, 2025
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INSIGHT

Transparency Means Full Contract Disclosure

  • Transparency involves more than numbers; full contract texts are essential to understand sovereign debt terms.
  • Legal text availability allows clarity, reconciling numbers with contractual obligations enhances public understanding.
ADVICE

Balance Transparency and Confidentiality

  • Countries can protect sensitive data while being transparent by defining clear exceptions.
  • Not everything should be secret; carving out national security and special clauses is crucial for trust.
ANECDOTE

Philippines Sets Transparency Example

  • The Philippines publishes full text of all their COVID financing agreements on their Ministry of Finance website.
  • This openness didn’t cause harm, but increased confidence and governmental accountability in debt management.
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