Overcoming The Financial Crisis Of A Country – A Strategic Approach

Abstract

Risk management plays a critical role in ensuring financial stability for both governments and corporations. This paper explores various strategies that governments and businesses employ to mitigate financial risks, including economic downturns, policy failures, and market volatility. Effective risk management frameworks, such as regulatory mechanisms, diversification, and contingency planning, are examined in detail. Sustainable debt management, financial planning, and credit rating enhancement are also discussed as integral aspects of maintaining financial health and investor confidence. By analyzing real-world case studies, this study highlights best practices and policy recommendations for fostering economic resilience. The findings emphasize that strategic financial planning and robust regulatory measures are essential to prevent crises and ensure long-term financial sustainability