Gov't in talks for $600m debt from int'l lenders

Economic backbone: Major road and rail projects are among those approved for NDP 11
Economic backbone: Major road and rail projects are among those approved for NDP 11

The Ministry of Finance and Economic Development is in talks with international lenders for a $600 million (P6.7 billion) loan intended to finance and support projects under NDP 11, with plans to tap into the funds before the end of the year.

A Request for Financing Proposal (RFP), which was sent to international commercial banks has reportedly elicited interest and talks are ongoing, BusinessWeek has learnt.

“Any firm proposals for borrowing will be presented to Parliament for approval as per the Public Finance Management Act,” Finance and Economic Development minister, Peggy Serame told BusinessWeek.

Editor's Comment
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The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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