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During the COVID-19 pandemic, global financial authorities have been encouraging full reporting, and not suppression.

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The World Bank (Pratibha Chhabra, Shalini Sankaranarayanan, and Collen Masunda) wrote that “[a]ccess to reliable credit information supports lending decisions, data-driven policy formulation, and compliance with Basel and other financial sector standards. Inaccurate and untimely data may result in creditors losing trust in credit information, which could slow the recovery from the crisis.”

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Global financial authorities also encourage full reporting, and not suppression. Early in the global pandemic, the World Bank, through its International Committee on Credit Reporting (ICCR), issued a policy statement.