On April 8th the government issued a second sovereign Eurobond, of US$1bn, to finance its infrastructure development plans. The increase in borrowing will put pressure on current fiscal expenditure through higher interest payments and add inflationary pressure through higher administered prices. We will factor the new issue into our debt forecasts. Source: Economist Intelligence Unit dated April 16th 2014
Posted on: Wed, 16 Apr 2014 10:14:59 +0000
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