Parliament, yesterday, approved a request by the government to enter the European bond market again to raise an amount of US$1 billion to accelerate infrastructural development in the country.
The amount, which is expected to be raised next year, will be used to finance capital investments outlined in the 2014 budget, counterpart funding, self-financing projects as well as refinance both domestic and international debt in order to save on debt service cost.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article