If we were to repeat mechanically the same exercise using current interest rates and assuming that debt consolidation is resumed in 2022, as indicated in the Update, we would find that we would need another  4  ‘Preliminary hearing on the 2018 Economic and Financial Document’, testimony of the Deputy Governor of the Bank of Italy, Luigi Federico Signorini, before the Chamber of Deputies, Rome, 9 May 2018.
As reported by the International Financial Corporation (IFC), a “funding gap” of more than $ trillion exists for small businesses in emerging markets alone. I am not going into the reasons for this state of affair. 33.