March 16, 2021 | Commentary
  • Type of publication: Commentary
  • Research or In The Media: Commentary
  • Research Area: Economics for The Developing World
  • Publication Date: 2021-03-16
  • Authors:
    • Add Authors: Jayati Ghosh
  • Show in Front Page Modules: Yes

>> Read article published on Project Syndicate

PERI's Jayati Ghosh discusses how the world's three major private credit-rating agencies are using their power to prevent low-income countries from restructuring their debts and stimulating their economies. She makes a case for an independent public ratings agency that would provide a much-needed counterbalance to these unaccountable private agencies and might force them to embrace reforms that they have long resisted.

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