Post-covid19, create a national development bank*

By Patrick J. Byrne

A government-backed development bank would provide an ideal instrument to help financially engineer an economic recovery after the unprecedented shutdown of non-essential activities during the covid19 pandemic.

The Federal Government is yet to prioritise a national development bank for Australia, despite contributing $US738 million towards China’s Asia Infrastructure Investment Bank and despite both major parties having proposed a Pacific development bank to assist Au…

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