The enabling environment is the national government's legal, regulatory, and institutional framework and debt market conditions that govern sub-national governments' (SNGs) borrowing. When planning to...
A partial credit risk guarantee (PCG) provides comprehensive cover to sub-national governments' (SNGs) lenders in the event the SNG fails to make debt service payments on their debt, or when any default...
This note reviews the current borrowing trends for subnational entities (e.g., provinces, states, and municipalities) in developing countries where - in addition to the traditional municipal credit institutions...