Rwanda: Experts Hail Euro Bond Option but Urge Caution

16 February 2013

Rwanda's plan to issue sovereign bonds to European markets to boost its national budget for the next three months has experts prescribing the need for careful management of proceeds from the bonds since Rwanda's economy would stand to significantly gain or desperately lose depending on how the money will be handled.

To boost its 2012/2013 budget with an increase of nearly 12 percent, the Rwandan government will issue government bonds to European markets to generate resources worth Rwf 227 billion.

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