Hidden Debt Hurts Economies. Better Disclosure Laws Can Help Ease the Pain by Alissa Ashcroft, Karla Vasquez, Rhoda Weeks-Brown published by IMF (4/2024).
“Domestic laws need updating to ensure that public obligations are transparente
If efforts to address record global public debt are to leave no stone unturned, then weak disclosure laws warrant deep scrutiny. Hidden debt is borrowing for which a government is liable, but which is not disclosed to its citizens or to other creditors. And while this debt—by its nature—is often kept off the official government balance-sheet, it is very real, reaching $1 trillion globally by some estimates…”