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World Bank (2)

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COVID-19 (26)

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.”  The World Bank also noted that “[g]iven the connection between fiscal, monetary, and prudential policies, governments should take a coordinated and holistic approach to policy formulation and implementation in a manner that preserves the integrity of credit information sharing systems.”