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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

IMF cautions Tanzania on sovereign bonds

Posted on 14 October 2008

From Thecitizen.co.tz: The International Monetary Fund (IMF) has said the Tanzanian government’s plans to borrow money from international capital markets in the current global financial turmoil could cost the economy billions of shillings in interest payments annually.

A senior IMF official told The Citizen here that the intention to issue a sovereign bond to raise money to finance infrastructure projects was risky and could be detrimental to the country’s fiscal position…… Full Article: Source


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