Technocrats fine-tune multi-billion Pula bond

Friday, October 29, 2010

A Ministry of Finance and Development Planning think-tank is fine-tuning the 2011 multi-billion Pula bond programme, with experts involved confident of introducing the document to Parliament when it sits on November 8.

The bond programme should have been finalised for approval by the Winter Parliament but was delayed by complex discussions on the quantum of notes to be issued, maturities and debate around what the funding raised should target in the next three years.

In addition, the government's spending cuts and higher mineral production provided a grace period for the finalisation of the programme.

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