We are facing a completely new problem, since the disagreement is not about whether spending was set too high or too low, but rather that the sudden change in the country's economic structure rendered the methods used to project revenue obsolete.
Private debt allows for more stable income with a better risk premium. In addition to being more limited in terms of duration, in most cases it allows investors to receive cash flows, avoiding some of the uncertainty regarding returns and maturity that private equity investments do have.
Over the last decade, private debt has experienced sustained growth and significant structural transformation. What was previously characterized by flexible solutions, less supervision, and bilateral relationships now operates under much more demanding standards in terms of information, governance, and regulatory control.
Researchers at the McKinsey Health Institute warn that strengthening brainpower is not only a health priority, but also a long-term economic strategy.