CHAPTER 3.6  Government as Provider and Facilitator of Finance

The global economic crisis has seen parts of the private finance offering virtually disappear; for example, the capital and commercial bank debt markets have become severely constrained in the amount and terms of their lending. This has meant that governments have become the lender of last resort in many circumstances. In parallel with this responsibility, governments have also put in place a range of measures to try to support and stimulate the provision of private finance, primarily in the debt market.

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