Even in normal times, meeting a government’s funding needs through borrowing can be challenging. Wartime conditions – including suddenly increased borrowing needs, a loss of market confidence and operational difficulties – make it even harder. In this interview, Yuriy Butsa, Ukraine’s Government Commissioner for Public Debt Management, answers questions about the challenges Ukraine has faced to date as a result of Russia’s large-scale aggression and about his near-term expectations.
Tag: public debt
Responding to COVID-19 challenges: Cash buffers for a rainy day
The COVID-19 pandemic is posing many challenges for the economy and public financial management systems. Yasemin Hurcan, Fatos Koc and Emre Balibek talk about how "cash buffers" can help governments mitigate short-term liquidity needs.
Mapping the faultlines in the global financial system
With the COVID-19 pandemic putting enormous strain on financial markets, a new OECD report shows how the structure of markets has changed since the last crisis and where new fragilities lie.
Managing Fiscal Risks in the UK
Richard Hughes, Director of Fiscal Policy at HM Treasury, talks about the UK's ground-breaking report on fiscal risks.