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 borrow, SNG finance directors should assess the borrowing constraints imposed by the enabling environment. The most critical element of the enabling environment is the nation's decentralization and fiscal laws governing the SNG revenues used to secure...
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详细
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2012/07/01
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简介
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73643
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1
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1
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2012/11/14
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Disclosed
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Enabling environment for sub national government debt
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debt service payment